Lachlan Star Limited (ASX: LSA) has initiated diamond drilling at the Basin Creek Prospect within its 100%-owned Junee Project in New South Wales. The program, covering up to 2,100 meters, aims to explore the continuity and down-plunge extents of high-grade chalcopyrite (copper sulphide) mineralization. Key historical drill intercepts include 21.3 meters at 4.51% copper, with 4.6 meters at 18.54% copper, and 3.1 meters at 5.50% copper.
The drilling, expected to take 6-8 weeks, will also test broader disseminated mineralization. CEO Andrew Tyrrell emphasized the potential of discovering additional near-surface copper in a system that has remained unexplored for over 50 years. Lachlan Star intends to update shareholders on the progress throughout the program. The Basin Creek project is part of the company’s focus on gold and copper exploration across its priority projects in the mineral-rich Lachlan Fold Belt.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 20, 2024
Nov 20, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.