Lodestar Minerals Limited Reports Strong Maiden Drilling Results in Chile, Paving Way for High-Impact IOCG and Porphyry Gold/Copper Discoveries

Monday, June 23, 2025
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8:22 am
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Lodestar Minerals Limited reports encouraging Chilean drill results with promising gold and copper intercepts. The company plans further field surveys and mapping in July to refine high-quality targets, potentially unlocking significant future value for investors.

Lodestar Minerals Limited has provided an extensive update on its exploration work at the 5,800-hectare Darwin and Three Saints project in northern Chile. The company completed its maiden reverse circulation drilling programme, comprising 16 holes for a total of 2,026 meters, and announced encouraging assay results. Key intercepts include 8 meters at 0.56 g/t gold from a depth of 96 meters, 4 meters at 0.39 g/t gold, 1 meter at 0.68 g/t gold, and 2 meters delivering 0.48 g/t gold together with 0.51% copper. The drilling, aimed at testing extensions below historical workings, affirms the project’s capacity to target both gold and copper mineralisation within a renowned IOCG and porphyry deposit belt that hosts multiple world-class deposits. The announcement also outlined several immediate initiatives designed to refine the project’s exploration strategy. A reconnaissance field visit by a local geological team has identified new target areas and priority zones for detailed geological mapping and geochemical sampling, set to commence in July. An aeromagnetic survey is scheduled as part of the upcoming low-cost, high-impact program intended to guide the next phase of drilling slated for September. The addition of Chilean Technical Adviser Gonzalo Henríquez and an augmented team of local geologists further underscores Lodestar's commitment to leveraging regional expertise and advanced techniques in soil sampling and mapping. In addition to reporting technical drilling results and logistical details—including precise drill hole locations and sampling methodologies—Lodestar’s comprehensive update emphasizes a systematic exploration approach. The company is positioning itself to vector in on prospective IOCG and porphyry targets with a well-planned drill campaign following the anticipated geochemistry assay outcomes in early September. In terms of sentiment, the news carries a bullish tone in that the robust intercepts and proactive exploration strategy signal promising potential, especially given the project’s location within a proven mineralisation corridor. This is bolstered by the integration of new technical expertise and planned follow-on surveys, which may enhance future discoveries. On the bearish side, the results remain in the early exploration phase with uncertainties around the true width of the intercepts and the inherent risks of moving from reconnaissance to a delineated resource. For beginner traders, the news suggests a cautiously optimistic outlook, as success in exploration is a progressive journey marked by both opportunities and stages of risk.

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