They are still in this fight - don't give up yet - I am still a believer.
354 sample assays received to date, with 474 sample assays pending
Ø Confirmation of Iron Oxide Copper Gold (IOCG) style mineralisation with gold and copper encountered thought to be at the periphery of the target with the main mineralisation zone not intersected
Ø Further aeromagnetics and final assays will determine next stage drilling at the southern IOCG target Ø Best significant results to date include: o 1m @ 0.68 g/t Au from 35m in LDARC010 o 2m @ 0.48 g/t Au & 0.51% Cu from 30m in LDARC007
Ø Multiple quartz veins intersected outside of the historic workings and multiple new prospective areas identified for future exploration Ø Re-assays and cross lab checks to be completed to confirm that Au grades in observed veins that did not report significant Au mineralisation are accurate
Ø Future exploration will be targeting IOCG-type deposits, as well as newly identified Porphyry-type targets
The rest of the 474 assays will be interesting and they think they nicked the edge of a porphyry - oof.
Porphyry is a type of rock, typically igneous, characterized by large, visible crystals (phenocrysts) embedded in a finer-grained matrix. These large crystals, often of quartz or feldspar, are what distinguishes porphyry from other rocks.
LSR Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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