Lachlan Star Limited (ASX: LSA) Reports Strong Copper Intercepts
Copper Intercepts Confirmed
Lachlan Star Limited (ASX: LSA) has announced encouraging assay results from its diamond drilling program at the Basin Creek Prospect in New South Wales. The company received results for two of the six completed holes, revealing substantial copper intercepts, including 79.20 metres at 0.52% copper from 12.00 metres in hole BCD003. This hole also contained high-grade segments with 0.75 metres recording 11.76% copper.
Further, hole BCD001 reported 20.50 metres at 0.45% copper, alongside additional significant lower-grade intersections. These assays align with the previously reported copper sulphide mineralisation, providing early indications of the potential scale of the mineralisation present at the site.
Future Assays Expected
The remaining four diamond hole assays are anticipated to be received within the next month, as the company continues its systematic approach to exploration. Ongoing 3D geological modelling and interpretation will assist in evaluating the extent of the broader copper system at Basin Creek.
Management Insights
CEO Andrew Tyrrell expressed optimism regarding the latest results, stating, “These are exciting results which confirm the earlier visual observations of copper sulphide mineralisation. This gives us confidence that the remaining diamond holes will also yield significant results, further enhancing our understanding of the prospectivity of the Basin Creek copper system.” He highlighted the company’s commitment to keeping shareholders informed with updates as new assays are processed.
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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