Lachlan Star Limited (ASX:LSA) Confirms High-Grade Copper Intercepts at Basin Creek
Significant Copper Intercepts
Lachlan Star Limited (ASX: LSA) has reported substantial assay results from its diamond drilling program at the Basin Creek prospect in New South Wales. All six drillholes completed recently have intersected significant copper mineralisation, confirming the project’s potential.
Notable results include BCD004, which returned 6.2 metres at 1.3% copper from 89.8 metres, and 21.0 metres at 1.2% copper from 138.0 metres, with a high-grade section of 4.5 metres at 3.0% copper from 153.0 metres. BCD005 also yielded 9.1 metres at 2.7% copper from 191.0 metres, including 3.5 metres at 6.6% copper from 192.2 metres.
Expanded Mineralisation
The drilling has delineated a broad copper sulphide system, which includes both disseminated mineralisation and high-grade lenses of semi-massive chalcopyrite. The confirmed copper system now spans a strike length of 200 metres and continues to grow in both northward and vertical directions, remaining open for further exploration.
An induced polarisation geophysical survey was recently completed, indicating a significant chargeable response that coincides with the copper sulphide system. There are plans for further refinement of drill target positions based on this survey data.
Management Insights
Lachlan Star CEO Andrew Tyrrell commented, “We are very encouraged by the consistency and strength of the results delivered by our maiden drill program at Basin Creek. Our initial drilling has confirmed the continuity and immediate strike extent of the copper sulphide system, revealing a broad, near-surface, disseminated copper system enriched with high-grade mineralisation.”
Tyrrell emphasized their commitment to advancing exploration, stating, “With our exploration team back on site and plans for a follow-up drill program already in motion, we remain committed to putting our resources to work where it matters most: in the ground, driving toward significant discovery.”
Next Steps
The company has resumed its IP survey over the remaining northern extension of the Basin Creek corridor, targeting the full 1.4km copper-in-soil anomaly. This survey aims to enhance understanding of the scale and potential of the copper sulphide system, with future drilling planned as exploration progresses.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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