What's Happening?
Lodestar Minerals has announced significant progress in its exploration efforts at the Ned's Creek Gold Project in Western Australia. The company completed a 106-hole reverse circulation drilling program, totaling 12,344 meters, across the Gidgee Flat,
Contessa, and Central Park prospects. Initial assays from the first 13 holes have confirmed the continuity of gold mineralization within the targeted shear zone and identified new zones beyond the December 2025 Exploration Target limits. Notable results include 6 meters at 7.16 grams per tonne gold from 140 meters, with a peak of 35.34 grams per tonne from 142 meters in one of the holes. The drilling program aims to expand the oxide mineralization footprint and confirm the continuity of the mineralized shear-zone trend across the project area.
Why It's Important?
The findings at the Ned's Creek Gold Project are significant for Lodestar Minerals as they suggest the potential for a substantial increase in the project's gold resource estimates. This development could enhance the company's valuation and attract further investment. The project's proximity to established gold operations, such as Catalyst Metals' Plutonic Gold Mine and Westgold's Blue Bird Plant, adds strategic value, potentially facilitating future partnerships or acquisitions. The expansion of the mineralized zones could lead to increased production capacity, benefiting stakeholders and contributing to the local economy.
What's Next?
Lodestar Minerals plans to continue its exploration activities, with approximately 5,200 samples from the remaining 93 drill holes submitted for analysis. Results from these samples are expected in the coming weeks. The company has also commissioned a resource geologist to complete a maiden Mineral Resource Estimate in 2026. This estimate will provide a clearer picture of the project's potential and guide future development strategies. Stakeholders will be closely monitoring the upcoming assay results and the resource estimate to assess the project's viability and potential returns.
