Lancaster Resources Inc (CSE:LCR, OTCQB:LANRF) has provided a look at its upcoming exploration plans across its gold, uranium, and critical minerals portfolio.
The company said it is preparing to launch a field exploration program at its Lake Cargelligo Gold Project in New South Wales, Australia, in the third quarter of 2025.
Historical samples from the property have returned grades of up to 204 grams per tonne (g/t) gold and 273 g/t silver from rock chips.
Lancaster has begun local stakeholder engagement and regulatory coordination in advance of exploration, and is also preparing a maiden NI 43-101 technical report for the project.
Elsewhere, Lancaster is planning a hyperspectral imaging and geological sampling program for its uranium projects in Saskatchewan's Athabasca Basin, as well as for its Piney Lake gold property. Exploration at the Catley Lake and Centennial East uranium claims will aim to identify vegetation stress and surface anomalies, aided by high-resolution and corrected hyperspectral imagery.
In Quebec’s James Bay region, the company clarified that its Lac Iris polymetallic project, previously described as an acquisition, was in fact staked using Quebec’s GESTIM Plus system and is currently under review by provincial authorities. The nearly 1,443-hectare property is located along the same geological trend as the high-grade NISK nickel-copper sulphide deposit.
Lancaster plans to begin work at Lac Iris in fall 2025, including a hyperspectral and geochemical field program in collaboration with KorrAI.
Lancaster is also evaluating a joint field exploration campaign across its Lac Iris and Trans-Taiga lithium project to reduce costs and maximize data collection efficiency.
“The Lancaster team is extremely excited about closing our Lake Cargelligo acquisition,” said CEO Andrew Watson. “We can now accelerate the development of our precious and critical mineral portfolio by launching exploration programs at Lake Cargelligo and in the James Bay area.”