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Lachlan Star Limited (ASX:LSA)

ALERT: Price-sensitive ASX Announcement for LSA
Current share price for LSA : $0.140 0.015 (12%)+
Announcement
Release
22 Jun 2026 8:45AM
Price at Release
$0.125
Full Release
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Summary
Lachlan Star Limited announced the results of its maiden 13-hole diamond drilling program at the New Waverley Gold Project in Western Australia, revealing significant high-grade gold mineralization. The drilling results confirmed the presence of high-grade quartz vein-hosted gold within a shallow shear corridor. Significant intercepts included high-grade gold at depths of around 50 meters, with plans for a follow-up 4,000m Reverse Circulation (RC) drilling program to commence shortly. Additional activities include an assessment of historical mine dumps and soil sampling programs to further delineate the mineralized corridor. The results have improved the company's understanding of the geometry and controls of gold mineralization, providing clear targets for future exploration.
Key Points
  • Final assays from the maiden 13-hole diamond drilling program confirm high-grade gold mineralization at New Waverley.
  • Significant intercepts include up to 7.73g/t Au over 0.7m from NWDD009.
  • High-grade quartz vein-hosted mineralization confirmed within a shallow shear corridor.
  • A follow-up 4,000m RC drilling program is set to commence, targeting high-grade quartz veins.
  • Earthworks for the new drilling phase to begin in early July.
  • Assessment of historical mine dumps is ongoing with results expected in late July.
  • A soil sampling program is underway to support future drill targeting in the southwestern extension.
  • The project is located in the Norseman mining district 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.