I would like to know more about what you see in the report.

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Justinayu

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07/11/23

07:24

Post #: 70758847
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Originally posted by Onceover: ↑

As a mineral exploration and mining geologist of more than 40 years' experience, I have seen a lot of mines and been part of a lot of new mineral discoveries. And disregarding all the traders short-term witterings about grams per ton and grades, in my experience these maiden drill results are nothing short of utterly impressive.

To have hit consistently elevated gold grades, over such a large area, open in all directions in your very first drilling campaign, means only one thing: Lodestar have discovered a completely new gold province, an achievement that the CEOs of many bigger companies would give their eye teeth for.

The expression 'Elephant Country' is rather out of vogue these days. But this is exactly where we are here. Standing with a rifle slung over one shoulder and the other foot ankle deep in a steaming pile of soft, warm elephant shit. There is a 'Company Maker' nearby: a bloody great big copper-gold deposit, somewhere under cover, right there in that tenement.

In fact, Lodestar have probably already drilled into the edge of it. Those bulk-sample copper-gold intersections look like they are in fresh rock, and look to me like a pervasive low-grade halo around some sort of higher-grade structural core. So it is probably just a matter of following the halo inwards to the focus of the system and finding high-grade copper-gold deposit at its core.

Which could be the next Telfer, or the next Havieron, or, given the pervasive copper-gold in these surrounding metasediments, could even be a copper-gold porphyry. Half a percent copper and half a gram gold: that's all you need. Times half a billion tons of. Company maker!

None of which is intended in any way as investment advice. Do your own research and make up your own minds. But do not despair. This looks bloody good. Well done team Lodestar! Well done indeed!!!

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I would like to know more about what you see in the report.

LSR Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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I would like to know more about what you see in the report.

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