Lachlan Star - Killaloe Gold Project, page-7

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Adventurer20

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25/06/21

22:36

Post #: 54084097
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Originally posted by rugman: ↑

Turning some attention to our other asset for a moment. -

LSA paid approx. $1M in shares for the project
Located on the southern extension of highly mineralised structures of the Eastern Goldfields Liontown has defined a number of drill-ready gold targets at Killaloe.
The Killaloe gold project has numerous gold anomalous trends defined in historic exploration and the auger drilling completed in January 2021 continues to return anomalous gold results.
Auger geochemical sampling completed by Liontown prior to the transfer has returned high grade goldassays up to 45ppb Au coincident with areas of historic gold anomalism.
Liontown has an Access Agreement with the Ngadju which will apply to Lachlan Star’s exploration activities.
Lachlan Star will undertake field reconnaissance and review prior to commencing nextphase of exploration.Lachlan Star has commenced a full review of historical exploration.
• 15 million shares in relation to Liontown’s wholly-owned tenure (Tranche 1);
• 25 million shares in relation to Liontown’s 80%-owned tenure (Tranche 2); and
• Paying Liontown a 1% NSR for all minerals produced by Lachlan Star.

At the Killaloe project, previous exploration has defined a number of drill-ready gold targets within this project area located on the southern extension of highly mineralised structures of the Eastern Goldfields of Western Australia and Lachlan Star is prioritising targets for drilling.

In January 2021 a total of 550 auger geochemical samples were collected that cover the majority of tenement E63/1713 (100% owned) The results from this auger sampling confirms gold anomalous trends with assay results up to 45ppb gold and remain open along strike. Lachlan Star is undertaking field reconnaissance to determine the geological controls on the gold anomalism and will prioritise targets for aircore drilling.

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any LTR holders here familiar with the gold tenement LSA got from liontown

LSA Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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Lachlan Star - Killaloe Gold Project, page-7

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Lachlan Star - Killaloe Gold Project, page-7

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