Lachlan Star Hits 16m at 5.3 g/t Gold at New Waverley

The company said the early results reinforce the interpretation of a shallow mineralised shear corridor hosting high-grade quartz veins. Mineralisation remains open in all directions along a 400-metre strike length.

Chief executive Andrew Tyrrell said the results support the geological model being developed at New Waverley. “These outstanding results clearly show that we have a significant emerging high-grade gold discovery on our hands,” he said. “Importantly, we are beginning to see consistency in the geology and structural controls across the broader system.”

Tyrrell said the company expanded the RC program after seeing positive field observations of quartz veining and sulphide mineralisation. “The combination of these shallow high-grade intersections, extensive quartz veining and sulphide mineralisation together with emerging structural controls gives us increasing confidence that New Waverley hosts a significant mineralised system containing multiple high-grade positions.”

Assays for the remaining RC holes and selective one-metre re-splits from mineralised intervals are expected over the next six weeks. Those results will feed into the evolving geological and structural model for the project.