Lodestar Minerals unveils new exploration targets at Darwin Iron Oxide Copper-Gold Project
Lodestar Minerals (ASX:LSR) has identified new exploration targets at its 3,100-hectare Darwin Iron Oxide Copper-Gold Project in northern Chile.
The site is located 75 km southwest of Copiapó, with potential high-grade copper and gold mineralisation confirmed by historical workings.
A recent site visit defined multiple areas of interest, extending over a 1km trend, and highlighted several magnetic anomalies in the east of the project.
Lodestar is planning a first drill program set for early 2025, which aims to explore deeper IOCG targets and high-grade mineralisation areas.
The project's historical workings have shown high-grade samples, with gold grades reaching up to 247g/t and copper up to 8.09%.
The findings, combined with recent aeromagnetic surveys, strengthen the case for potential new IOCG deposits.
"Darwin's prospectivity has expanded considerably following this second site visit," said Ed Turner, Managing Director of Lodestar Minerals.
Turner noted the exploration and development upside present at the Darwin Project.
The company has sold listed equities, raising approximately $180,000 to fund upcoming drilling activities.
Lodestar's strengthened cash position is vital for advancing its exploration objectives in 2025.
Lodestar Minerals is an active base metal and gold explorer. The company's projects, aside from the Darwin Project in Chile, comprise the 100% owned Earaheedy, Ned's Creek and Coolgardie West projects in Western Australia.
At the time of reporting, Lodestar Minerals' share price was $0.016.
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