Lodestar Minerals is set to begin drilling operations at its Ned’s Creek Gold Project in Western Australia.
The initiative will involve a reverse circulation drill testing of two prominent magnetic targets aiming to identify gold mineralisation.
The initial phase will involve two drill holes reaching a total depth of 500m.
The company has identified these magnetic bullseye targets within the Contessa Corridor, where previous drilling has indicated high-grade gold intervals.
Results from this initial drilling will inform subsequent drilling plans.
"Ned's Creek has had limited exploration activity over recent years; however, previous drilling completed by Lodestar has intersected high-grade Au intervals including 11m @ 29 g/t within the Contessa corridor," said Ed Turner, managing director of Lodestar Minerals.
Ned's Creek is located along the southern margin of the Marymia Inlier, a significant metallogenic province.
The region is home to deposits including the Plutonic Mine and DeGrussa, highlighting its potential for significant mineralisation.
The initial reverse circulation drill program aims to unveil new geophysical and structural targets in an environment geologically similar to the Wallaby gold deposit in the Yilgarn Craton.
The results from the program could define new drilling activities aimed at further exploration within this region.
Lodestar Minerals is a Western Australian base metal and gold explorer. The company's projects comprise the 100% owned Earaheedy and Coolgardie West projects as well as the Ned’s Creek JV Project.
The company also has exposure to lithium via its interest in Future Battery Minerals, which owns the Kangaroo Hills Lithium Project in Western Australia and the Nevada Lithium Project in the US.
At the time of reporting, Lodestar Minerals’ share price was $0.002.