Lodestar Minerals (ASX:LSR) has entered the Chilean mining sector, securing an option agreement to acquire the Los Loros Copper-Molybdenum-Gold Project.
Located in the Coastal Cordillera porphyry belt—just 30km from the port of Coquimbo—the project places Lodestar in a premier jurisdiction alongside world-class deposits such as Teck Resources’ Carmen de Andacollo.
The acquisition is highlighted by the Aguila prospect, a drill-ready target featuring outcropping porphyry mineralisation.
Despite being recognised as a mineralised system since the 1970s, Los Loros has remained remarkably underexplored.
Previous drilling was largely shallow, focusing on surface copper oxides; however, significant historical intercepts point to deeper potential, including 136m @ 0.20% CuEq and a high-grade gold overprint yielding 20m @ 3.67 g/t Au, featuring a spectacular 2m zone at 33.83 g/t Au.