Lodestar Metals Corp. (TSXV: LSTR) has reported high-grade gold-silver assay results from two reverse-circulation drill holes at the Gomes Prospect within its flagship Gold Run project in Nevada. Hole LSRC-08 intersected 4.57 metres grading 4.00 g/t gold and 15.6 g/t silver, including a higher-grade interval of 1.52 metres at 11.30 g/t gold and 30.4 g/t silver — the first high-grade intercept at Gomes. The result validates the company's IP chargeability targeting approach and opens a new priority drilling area at the project.

Key Points

  • Lodestar Metals Corp. (TSXV: LSTR | OTCQB: SVTNF | FSE: PR90)
  • Hole LSRC-08 returned 4.57 m at 4.00 g/t Au and 15.6 g/t Ag, including 1.52 m at 11.30 g/t Au and 30.4 g/t Ag at the Gomes Prospect
  • Two RC holes totalling 463 m were completed at Gomes; assays remain pending from 10 holes (1,214 m) at Black Diamond and Crown North targets
  • Investors may be watching for pending assay results from Black Diamond and Crown North to assess the broader project's potential

First High-Grade Gold Intercept Confirms Gomes as a Priority Target

The Gomes Prospect results represent the first high-grade gold-silver mineralisation identified at that target within Lodestar's 18-hole, 2,680-metre maiden drill program at Gold Run. Hole LSRC-08 also recorded a broader lower-grade interval of 12.19 metres grading 0.11 g/t gold and 2.0 g/t silver from 118.87 metres before hitting the high-grade zone. The mineralisation occurs in quartz veins with disseminated sulphides near a felsic dyke and greenstone contact, and the release states it remains open along strike and both up- and down-dip. The strongest portion of the IP anomaly, located east of current drilling, has not yet been tested.

IP Chargeability Targeting Drives Lodestar's Geological Strategy at Gold Run

The Gomes program was specifically designed to test IP chargeability anomalies interpreted as potentially reflecting disseminated sulphide mineralisation. The positive outcome from LSRC-08 supports the company's view that IP chargeability surveys can identify structurally controlled, higher-grade mineralisation across the Gold Run property. The release states that several untested IP anomalies remain across the project. Geological mapping and magnetic data also indicate prospective northwest-trending structures extending for at least one kilometre, suggesting the approach may continue to generate drill targets beyond areas tested in the current program.

Rock Sampling Highlights Polymetallic Potential North of Gomes

Surface rock sampling by the company's qualified person north of the Gomes drilling area returned 2.8 g/t gold, 7.5 g/t silver, 14.7% copper, and 0.45% zinc from weathered sulphide-bearing material. The release states the southern trend at Gomes appears open for at least 500 metres toward Crown North, while the northern extension may extend at least 600 metres toward the Grindstone Flats prospect. Lodestar cautions that historical drill results referenced in the area have not been independently verified and should not be relied upon until verification is complete.

Assays Pending at Black Diamond and Crown North Targets

Ten additional RC holes totalling 1,214 metres at the Black Diamond and Crown North targets are awaiting assay results. At Black Diamond, drilling tested high-grade silver-gold mineralisation and two IP chargeability anomalies. At Crown North, drilling targeted the projected northern extension of the Adelaide Crown epithermal gold deposit held by Nevada Gold Mines. The immediate share price impact was not clear from available public information. Investors may be watching the pending results closely, as they represent the majority of metres drilled in Lodestar's maiden Gold Run program.