Old workings at Lodestar Minerals’ Coolgardie West project. Source: Twitter
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  • Lodestar Minerals’ (LSR) infill soil sampling “confirms” two large gold targets at its Coolgardie West project in Western Australia
  • Lodestar says the two gold-in-soil anomalies represent priority drill targets
  • Both prospects are associated with north-east trending shear zones and occur in areas of soil cover where no previous drilling has taken place
  • The company says a first-pass drilling program will be planned to test gold and lithium targets at the project
  • Lodestar Minerals last traded at 1.4 cents on April 26

Lodestar Minerals’ (LSR) follow-up soil sampling has “confirmed” two gold targets at its Coolgardie West project in Western Australia.

The company said the infill, multi-element soil geochemical work upgraded and reinforced two significant gold-in-soil anomalies, which were described as priority drill targets.

The northern target is located 1.5 kilometres along strike from the greenstone pinch-out and the western target lies 2.4km north-west of and parallel to the greenstone.

Lodestar said both targets are associated with north-east trending shear zones and occur in areas of soil cover that have not seen any drilling.

The follow-up soil sampling was designed to infill gold anomalies outlined by the company’s first-pass ultrafine soil sampling program and extend the sampling coverage across most of the tenement area.

Meanwhile, the company said assay results from follow-up sampling of the greenstone-hosted pegmatite lithium target at Coolgardie West were pending.

Once received, Lodestar said a first-pass drilling program will be planned to test the gold and lithium targets.

LSR shares were up 7.14 per cent to 1.5 cents at 10:48 am AEST.

LSR by the numbers
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