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Highlights:
- Significant Copper Intercepts: Lachlan Star Ltd (ASX:LSA) has intersected copper grading over 11% in its maiden diamond drilling program at the Junee Project in New South Wales.
- Detailed Assay Results: The drilling program at the Basin Creek prospect yielded notable results, including 79.20 metres at 0.52% Cu and a high-grade intercept of 11.76% Cu over 0.75 metres.
- Confirmation of Mineralisation: The program confirmed the presence of high-grade semi-massive chalcopyrite within a broader envelope of disseminated chalcopyrite and bornite-chalcocite.
Lachlan Star Ltd (ASX:LSA) has reported promising results from its maiden diamond drilling program at the Junee Project in New South Wales, confirming high-grade copper sulphide mineralisation. The company completed six diamond holes at the Basin Creek prospect, with assay results indicating significant copper grades.
Among the results, two holes stood out with impressive intercepts. One hole revealed 79.20 metres at 0.52% Cu from 12 metres, including a high-grade intercept of 0.75 metres at 11.76% Cu from 90.45 metres. Another hole showed 20.50 metres at 0.45% Cu from 20 metres and 14.70 metres at 0.28% Cu from 50 metres. Additionally, high-grade internal intercepts were observed, such as 16.50% copper over 0.25 metres and 9.39% copper over 0.50 metres.
These findings reflect previous work that hinted at copper sulphide mineralisation, indicating the presence of lenses of semi-massive chalcopyrite returning high-grade intercepts within a broader envelope of low-to-moderate grade disseminated chalcopyrite and bornite-chalcocite. The continuity and down-plunge extents of the larger disseminated-to-veined copper sulphide mineralisation, including chalcopyrite, bornite, and chalcocite, have been confirmed by the six-hole program.
Lachlan Star CEO Andrew Tyrrell expressed optimism about the program's results, stating, “These are exciting results which confirm the earlier visual observations of copper sulphide mineralisation. This gives us confidence the remaining diamond holes will also yield significant results, thereby enhancing our understanding of the broader prospectivity of the Basin Creek copper system.”
The successful confirmation of high-grade copper sulphide mineralisation at the Junee Project marks a significant milestone for Lachlan Star Ltd, potentially paving the way for further exploration and development in the region.
The Junee Project, located in a region known for its rich mineral deposits, has been a focal point for Lachlan Star's exploration efforts. The Basin Creek prospect, in particular, has shown considerable promise with its complex geology and potential for high-grade mineralisation. The recent drilling program aimed to test the continuity and extent of the copper sulphide mineralisation, and the results have been encouraging.
The presence of high-grade semi-massive chalcopyrite within a broader envelope of disseminated chalcopyrite and bornite-chalcocite suggests a robust mineral system. The high-grade intercepts, such as 11.76% Cu over 0.75 metres, highlight the potential for economically viable mineralisation. These results not only confirm the earlier visual observations but also provide a clearer understanding of the mineralisation patterns at Basin Creek.
The success of this drilling program is a testament to Lachlan Star's strategic approach to exploration. By focusing on high-potential targets and employing advanced drilling techniques, the company has been able to uncover significant mineralisation. The confirmation of high-grade copper sulphide mineralisation at Junee is a positive development that could lead to further exploration and development activities in the area.
Looking ahead, Lachlan Star plans to continue its exploration efforts at the Junee Project, with a focus on expanding the known mineralisation and identifying new targets. The company is committed to advancing its projects through systematic exploration and development, with the goal of creating value for its shareholders.
The recent results from the Junee Project are a promising indication of the project's potential. As Lachlan Star continues to explore and develop its assets, the company remains focused on delivering positive outcomes and building a strong foundation for future growth. The confirmation of high-grade copper sulphide mineralisation at Junee is a significant step forward, and the company looks forward to further success in its exploration efforts.
