Major points of ASX release - Share price up over 85% so far today, growing fast (already a double bagger for me). High - grade gold up to 105g/t in RC drilling at Big Sky 20th October 2015 Camel Hills is located within the Errabiddy Shear Zone at the boundary of the Archaean Narryer Terrane and Palaeoproterozoic rocks of the Glenburgh Terrane, 200 kilometres northwest of Meekatharra (see Figure 1). Previous explorers identified strongly anomalous gold in soil and stream samples over a 6 kilometre by 2 kilometre area, centred on the Camel Hills tenement E09/2099 1.The results include intersections of shallow, high grade gold grading up to 105 g/t, achieved below the discovery vein where visible gold was identified at surface and high-grade rock chip samples up to 47,050g/t gold were recovered (see Lodestar's ASX announcement dated 28th August 2015). First RC drilling at BigSky returns several shallow, high grade gold intersections including; o6 metres at 6.6g/t gold from 13 metres in LCC011, including 1 metre at 33.3g/t gold from 13 metres o6 metres at 20.3g/t gold from 21 metres in LCC012, including 1 metre at 105g/t gold from 21 metres and 1 metre at 2.8g/t gold from 26 metres (Intersections using a 1g/t gold cut-off and up to 3 metres of internal dilution) o1 metre at 23.8g/t gold from surface in LCC011. Mineralisation remains open in all directions and high grades are consistent down-dip. Gold mineralisation occurs within bedrock as a steeply dipping high-grade lode at the contact of the magnetic Petter Calc-silicate unit. This prospective and under-explored contact can be traced for 12 kilometres within Lodestar's broader Camel Hills project area (924km2) and will continue to be a key area of future exploration focus. These outstanding initial RC drill results demand follow up drilling to be undertaken once a review of all data is completed to enhance future drill targeting. West Australian gold and base metal explorer Lodestar Minerals Limited (ASX:LSR) advises that results of the maiden RC drilling program at the Big Sky prospect on the Company's wholly-owned Camel Hills gold project have been received.
