The Camel Hills Project (Lodestar 100%)

The Camel Hills project is located 170 kilometres northwest of Meekatharra and 60 kilometres south and east of Gascoyne Resource’s Glenburgh gold deposits (Figure 1). The tenements cover an area of 924 square kilometres and 90 kilometres of strike over the Errabiddy Shear Zone. Errabiddy Shear Zone is a major structure forming a series of back-thrusts, 5 to 20 kilometres wide, emanating at depth from the Cardilya Fault, the tectonic boundary between the Archaean Narryer Terrane (Yilgarn) and the accreted Palaeoproterozoic Glenburgh Terrane to the north.

Re-worked craton margins are fundamental structures that act as a deep plumbing system, allowing long-lived, repeated transfer of fluids and heat from the upper mantle to the upper crust. These margins are a favourable location for the formation of world-class orebodies (e.g. Tropicana gold deposit (7.9Moz. Au) located on the southeast margin of the Yilgarn Craton).

The GSWA has completed regional regolith sampling across the Glenburgh 1:250 000 geology sheet. Stream samples from the GSWA data identify a large (~18 kilometre long) gold anomaly, overlying the Errabiddy Shear Zone, in the Camel Hills area. The Glenburgh gold discovery of Helix Resources resulted from the follow up of values between 2ppb and 17.2ppb gold in stream sampling and provides context for anomalous values in stream sampling. The GSWA sampling reported a maximum 8ppb gold within the Camel Hills anomaly.

 

  Figure 1 Location Plan - Camel Hills Project

 

Lodestar has identified the “Main Grid” area and the untested area of anomalous gold in stream sampling, west of “Main Grid”, as priority exploration targets for systematic surface sampling and drill testing (Figure 2).

 

  Figure 2  Main Grid - soil geochemistry on 1 VD aeromagnetic image