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Lachlan Star Limited (ASX:LSA)

ALERT: Price-sensitive ASX Announcement for LSA
Current share price for LSA : $0.135 -0.03 (-18.18%)+
Announcement
Release
2 Jun 2026 8:20AM
Price at Release
$0.165
Full Release
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Summary
Lachlan Star Limited announced further high-grade gold assay results from its maiden diamond drilling program at the New Waverley Gold Project within the Norseman mining district, Western Australia. The results include significant intercepts such as 7.6 meters at 2.65 grams per tonne of gold and 1.6 meters at 9.83 grams per tonne, confirming a quartz vein-hosted gold system within a shear corridor. The mineralisation is open along strike and at depth, indicating a potential extension of over 800 meters. A subsequent 2,400 meter Reverse Circulation drilling program is planned to expand and infill the identified high-grade zones.
Key Points
  • Lachlan Star Limited reports further high-grade gold results from four diamond holes at New Waverley.
  • Significant intercepts include 7.6m at 2.65g/t Au from 18.5m and 1.6m at 9.83g/t Au from 44.5m.
  • The mineralisation is hosted within a north-northeast trending shear corridor.
  • The gold system extends over 400 meters with potential extensions up to 800 meters.
  • A follow-up 2,400m Reverse Circulation drilling program is scheduled.
  • The project is located in the Norseman mining district, Eastern Goldfields of Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.