Could be a bit of "nearology" factor with VRX who appear to be onto something at the Jenkin Fault area near Sandfire, but a bit of quiet interest in LSR after a sustained downturn.
They have a huge tenement area in the region so worth watching the next round of drilling results.
The mopping up I spoke about a year or so ago didn't hold when the POG went south.
There has actually been more mopping up lately at the lower lows.... The good thing is that a lot of the buying has been by Directors.
I mentioned a bit more about LSR in the Stock Tipping thread, but basically, there has been a not too subtle hint from Management about a potential JV to help finance the exploration of their very prospective "Contessa" gold discovery.
Current market cap of a little over $2 million ...... Directors buying several times .... and a statement by management of "several" potential JV options to pursue their ground, which has shown some very good early grades etc.
The downside for LSR at one and a half cents is minimal compared to the upside if they get something sorted.
4 metres at 74 grams per tonne is quite an intersection. The Ned's Creek project appears to be really coming to life. With a market cap of only ~ $21 million, LSR is definitely a junior gold explorer worth keeping an eye on.Strongest ever drill result returned at Contessa from large deformation zone in bedrock which extends well beyond current RC drilling.
o 4m at 74.0 g/t Au from 140m (LNRC026)
o 4m at 5.6g/t Au from 170m (LNRC043)
o 4m at 2.5g/t Au from 139m (LNRC027)
Final six RC holes at the Gidgee Flat discovery returned the highest grade results to date:
o 2m at 8.3g/t Au from 174m and
o 11m at 5.8g/t Au from 195m (LNRC039)
o 5m at 3.4g/t Au from 154m (LNRC036)
o 1m at 10.7g/t Au from 203m, 3m at 3.0g/t Au from 215m and 1m at 7.2g/t Au from 248m (LNRC040)
Lodestar Minerals on the receiving end of a little upward momentum this morning following the release of more drilling results from the Ned's Creek project.
4 metres at 74 grams per tonne is quite an intersection.
However, the gold mineralisation appears to begin at 140m below the surface and appears to extend down to 250m and perhaps beyond that, so there had better be a lot more of the glittering stuff under all that dirt to make digging down that deep a worthwhile exercise.
found some!Been pretty much a downward trend since the last Post on LSR. (DNH)
The Company seems to have tried hard over the years, but never been able to dig up anything of real substance.
There is a Cap Raise on the table as they have basically no money. ... ...The boys at LSR need to find that little rabbit that has been hiding in the hat for a while.
Lodestar Managing Director Ed Turner commented : “Lodestar is very pleased to complete this transaction. We strongly believe in the future of the Kangaroo Hills lithium project and FBM’s ability to continue to prove up an economic resource.
With this deal Lodestar no longer has to expend funds on exploration and development but will retain exposure to the upside with the potential growth in FBM’s share price as this project, FBM’s Nevada Lithium Project and their Saints Nickel Project advance.
In addition, we receive cash and shares we can utilise to fund our exploration programmes at the Earaheedy Project which is our primary focus now. The Earaheedy Project has tremendous potential for gold and base metal discoveries as evidenced by our maiden drilling programme that recently intersected significant gold and copper results.”
found some!
It went up 7.14% today. Lotsa announcements in the past year which in aggregate might make a good light for a cohiba. Is anyone else more the wiser than I?
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