Lodestar Minerals discovers promising IOCG targets

Lodestar Minerals (ASX:LSR) has identified new areas of interest at its Darwin IOCG project in Chile. Historical workings and magnetic anomalies suggest promising targets. High-grade gold and copper samples have been collected, with plans for an initial drill program in early 2025. The company has strengthened its cash position to fund exploration.

Lodestar Minerals' strategic exploration and financial outlook

Lodestar Minerals has announced the discovery of new IOCG targets at its Darwin project in northern Chile. The project, covering 3,100 hectares, is located in a prolific iron belt. Recent site visits have revealed historical workings and magnetic anomalies, with high-grade gold and copper samples collected. An initial drill program is planned for early 2025. The company has bolstered its financial position by selling listed equities, ensuring funding for exploration. Lodestar's strategy focuses on unlocking the mineral potential of the Darwin project, with further sampling and drilling preparation underway. The company's broader portfolio includes projects in Western Australia and exposure to lithium through Future Battery Minerals.

Insights from Lodestar Minerals' exploration team

The project has significant exploration and development potential, and we are excited about the prospects of verifying these through drilling.