LSR 0.00% 0.1¢ lodestar minerals limited

Ann: Confirmation of Exceptional Gold Grades at Contessa, page-35

  1. 13,832 Posts.
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    Why hold and have a 'sell' sentiment?

    Narrow mineralised intercepts, high grades, wide mineralised intercepts, low grades - whatever. You don't look at any one or 2 in isolation. You have to look at the big picture.

    There are many factors that go to make up a minable deposit. Lodestar has not reached the stage where it can be surmised that this will be a viable gold mine. It has a long way to go in fact.

    However, this area is showing much potential, more than it did a year or so ago when it promised much but the delivery did not match the promise. Its gold endowment is now being revealed though, bit by bit. The geo team now has a better understanding of the geology and imo knows where to go and how to attack it. The recent results are a vindication of that I believe.

    It appears that there are 2 different types of gold hosting, the one at Contessa (Plutonic-like) and the other at Gidgee Flat and Brumby (syenite related and Wallaby-like). As for the latter, check this out https://daciangold.com.au/overview/

    I reckon that it's pretty exciting!!
 
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