Lodestar commences drill program at Contessa gold prospect

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Image credit: www.lodestarminerals.com.au

West Australian gold explore Lodestar has kick-started its planned aircore drilling program at the Contessa gold prospect located within the company’s 100-owned Ned’s Creek project in WA.

Image credit: www.lodestarminerals.com.au
Image credit: www.lodestarminerals.com.au

The company – which appointed a drilling contractor to complete an initial program of 5,000m of aircore drilling earlier this month – said the program will reduce the existing drill traverse spacing in areas of significant supergene mineralisation from more than 80m to 40m and target extensions to the Contessa discovery.

“The closer drill spacing is a more appropriate drill density required to define structurally-controlled gold targets. It will also improve the likelihood of intersecting shallow, narrower primary zones of structurally controlled mineralisation, oriented at an oblique angle to the current drilling,” reads the company’s statement to the ASX.

“The in-fill drill program follows the successful completion of Lodestars recent entitlement issue and represents the first phase of a more extensive program aimed at better understanding the gold potential of the Contessa intrusive complex.”

Adertisement

According to the company, results from the drilling program are expected to be available by the end of November.