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0.1¢ lodestar minerals limited

The 2013 RAB readings at Contessa: [ATTACH] Figure 3 (2013). The...

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Shady Merv

13,934 Posts.

734

06/07/16

12:54

Post #: 18205218
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Originally posted by Shady Merv ↑

The ann said this:

'Four holes were completed at the Contessa gold prospect targeting a new induced polarisation (IP) geophysical anomaly. Earlier RC drilling at Contessa intersected pyrite alteration associated with narrow intervals of +1g/t gold mineralisation in bedrock.'

The interval readings were from the 20/12/14 ann and were of RC primary gold:

View attachment 203401

Nearby previous readings were aircore done in 2013 and mainly were of secondary gold I believe. This is from the 2/6/16 ann about just 3 of those hits:

View attachment 203407

Yesterday's ann also said this:

'The IP survey was conducted to improve targeting of bedrock gold mineralisation in the Contessa area. The survey identified an anomaly with a length of 150m and a target depth of 150m to 200m. The current four-hole RC drilling program successfully tested the target zone on two traverses, achieving depths of up to 249m. Alteration and disseminated pyrite mineralisation was logged within diorite host rocks.'

I think that many people who have sold since the ann are not interpreting the news properly and I also think that they do not understand the complete story.

Expand

The 2013 RAB readings at Contessa:

Figure 3 (2013). The hand-drawn 'ellipse' is my work and is where the anomaly roughly is.

LSR Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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