LOD 0.00% 6.2¢ lodestone energy limited

more than just coal

  1. 17,756 Posts.
    11 oct 2007
    Worth remembering

    Limestone Creek Project: (100% Lodestone): This project is located 130 kilometres
    north of the Chillagoe township in North Queensland. Exploration is aimed at locating
    porphyry copper-gold and massive sulphide copper, lead and zinc style mineralisation
    within the Chillagoe Formation which hosts the Red Dome and Mungana Deposits at
    Chillagoe.
    Lodestone carried out regional reconnaissance rock chip sampling and east-west soil
    traverses during the quarter. The reconnaissance has located previously undiscovered
    copper mineralisation with rock chip results up to 31.1% copper. The area has been named Leane’s Prospect.
    Mineralisation at Leane’s Prospect consists of malachite veining along a possible regional
    fault that places limestones to the west against chert and basic volcanics to the east.
    Exposure of the mineralisation is possibly restricted by the extensive scree cover downslope
    from the prominent limestone outcrops.
    Soil sampling along the limestone contact (at a line spacing of 200 metres) has
    demonstrated that anomalous copper ranging from 200 ppm up to 1.5%, occurs over
    a strike length of 1,200 metres. The width and dip of the mineralisation is uncertain as
    outcrop is poor; however soil sampling has detected anomalous copper (>200 ppm) up to
    150 metres east of the limestone contact.
    The highest gold assay from Leane’s Prospect to date has been 0.04 grams per tonne
    from rock chip sampling. Gold results from the soil sampling program are pending.
    Future work at Leane’s Prospect will involve further geochemical sampling and geological
    mapping to assist drill target definition along the structure.

    Biggest mover on the ASX with volume yesterday
    DYOR
 
watchlist Created with Sketch. Add LOD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.