Lachlan Star (ASX:LSA) commenced its maiden drill programme at the New Waverley Gold Project, situated in the renowned Norseman region of Western Australia's Eastern Goldfields.
The initiative marks a milestone for the company as it begins systematic testing of high-grade quartz reef mineralisation.
The current phase focuses on 1,000m of diamond drilling targeting the historical Waverley and Trial Pits, areas where previous exploration identified substantial gold-bearing structures that remain open down-dip, down-plunge, and along strike.
The programme is designed to follow up on impressive historical intercepts, which include standout results such as 4.1m @ 12.53g/t Au and 2m @ 10.34g/t Au.
Perhaps most enticing for investors is the presence of ultra-high-grade narrow zones, including a recorded 0.5m @ 77.3g/t Au.
CEO Andrew Tyrrell noted that the presence of these historical results, combined with recent rock chip data, provides a high level of confidence in the project’s potential to deliver further high-grade outcomes.
The diamond drilling phase is expected to conclude within three weeks, with assays to follow shortly thereafter.
Pending the review of the results, Lachlan Star has already planned a follow-up 2,000-metre reverse circulation drilling programme.
The second stage will target a 400-metre mineralised corridor extending between the existing pits and the Baker Boys prospect.
At the time of reporting, Lachlan Star’s share price was $0.16.