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Lodestar expands Virgin Mountain project after landing high-grade rare earth assays
Lodestar Minerals staked 186 more acres at Virgin Mountain after assays up to 14.68% TREO, securing a 5km heavy rare earth trend for drilling.
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Lodestar Minerals expanded its Arizona rare earth project by 40% after rock chip assays returned up to 14.68% total rare earth oxide, the company said Wednesday.
The Australia-listed miner staked an additional 186 acres, bringing the total Virgin Mountain landholding to 661 acres across 32 mining claims. The expansion secures the full extent of a mapped heavy rare earth structural corridor, according to Lodestar.
Recent field work confirmed a five-kilometre trend of xenotime-hosted mineralisation. Assays returned high-grade results, including samples enriched in dysprosium and terbium – elements often flagged as critically undersupplied for magnets and defence hardware.
Lodestar noted the chip samples are selective and may not represent the broader zone.