Lodestar Resources (ASX:LSR) - Managing Director, Bill Clayton
Managing Director, Bill Clayton
Source: LinkedIn
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  • Lodestar Minerals (LSR) is set to launch a new program of surface exploration at its Coolgardie West Project in WA
  • The program aims to confirm a significant, two-kilometre-long soil lithium-caesium-tantalum (LCT) soil anomaly
  • The program will entail field mapping and sampling within the anomaly to confirm the LCT potential, while assessing the potential for hard rock lithium mineralisation
  • Lodestar has engaged contractors to complete the program of soil geochemistry to in-fill the kilometre-scale gold anomalies identified by the sampling program, which will begin this month
  • Lodestar Minerals last traded at one cent on March 2

Lodestar Minerals (LSR) is set to launch a new program of surface exploration at its Coolgardie West Project.

The Coolgardie West acquisition is located in the “highly endowed” gold districts of the Eastern Goldfields in Western Australia.

The program aims to confirm a significant, two-kilometre-long soil lithium-caesium-tantalum (LCT) soil anomaly, after a reconnaissance visit to the site in December last year. The pegmatite was not mapped, nor was there any record of pegmatites previously identified within the tenement.

As such, the program will entail field mapping and sampling within the anomaly to confirm the LCT potential, while assessing the potential for hard rock lithium mineralisation.

Lodestar has engaged contractors to complete a program of soil geochemistry to in-fill the kilometre-scale gold anomalies identified by the sampling program. The program will in-fill the anomalies on a 200 metre by 200-metre grid while extending into untested areas.

 “This is one of the more compelling lithium soil anomalies I have seen,” said Lodestar Managing Director, Bill Clayton.

“The next phase of exploration at Coolgardie West represents an exciting progression designed to provide robust, walk-up drill targets for both lithium and gold that can be rapidly tested on grant of the tenement.”

The program is due to begin this month.

Lodestar Minerals last traded at one cent on March 2.

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