Lodestar Minerals (ASX:LSR) this month wrapped up first-pass aircore drilling to test Marymia gold and multi-element surface anomalies at Ned’s Creek in Western Australia.
The Marymia gold targets are located near the southern contact of the Plutonic Well greenstone belt within a deformed mafic-sedimentary sequence.
Lodestar’s sampling discovered up to 1.5g/t gold in rock samples.
The company is now preparing to reveal details of a placement, with the ASX granting a trading halt to complete.
The halt will last until the opening of trade on Monday 21st December 2015, or earlier if an announcement is made to the market.
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