LSR's Current Drilling of IOCG Targets in Chile

It seems highly encouraging that, according to the link posted by Boris, LSR's present drilling program has already been expanded by two more holes.

LSR are now two days into this RC drilling program, and should have completed their first hole, which was testing a buried IOCG magentic target.

This high-grade IOCG mineralisation is highly magnetic, so these magnetic anomalies are credible targets for new mineralisation, and IOCG mineralisation is visually obvious when you intersect it.

So the immediate expansion of the of this drilling program is a very good sign. A particularly good sign given the company's low funds at present. You would not add two more expensive RC holes unless you had a very good reason to do so.


Success only comes at the end of a drill bit, eg. Sirius Resources when they found Nova-Bollinger, and Sandfire when they found De Grussa. Both were on the bones of their arses when they made those company-making discoveries.

You just have to keep drilling and not lose faith.

Are we watching another one here?