Commenting on the drilling results and geological interpretation, Lodestar Managing Director Ed Turner said: “This first batch of results that were prioritised for this drilling did not deliver the results we expected following the highly successful rock chip sampling, but importantly we have learnt a lot geologically which is important for future exploration work. Multiple quartz veins, which were not observed at surface, were intersected in numerous holes, and the alteration assemblage present in IOCG deposits was also observed in many holes. This gives us encouragement that at Darwin we may have a significant mineralised system, as yet undiscovered, particularly in relation to the southern IOCG targeted holes that are possibly “near misses”.
Our team has spent valuable time interpreting the results and exploring the project area during and following the drilling of these Darwin Project targets as well as within the newly acquired and adjacent Three Saints Project area. This drilling has confirmed the presence of the mineralisation and alteration assemblage present in IOCG deposits, and the continuity at depth of the structures in which the mineralisation is encountered. The geological mapping has also uncovered new areas with strong potential for Porphyry style mineralisation. We are looking forward to the next phase of exploration and drilling over the Darwin and Three Saints Projects and the receival of the pending assays.”
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