Lachlan Star Starts 1,000m Diamond Drilling Program at New Waverley Gold Project

Drilling Commences at New Waverley Gold Project

Lachlan Star Limited (ASX:LSA) has started its maiden diamond drilling program at the New Waverley Gold Project, situated within the Norseman region of Western Australia’s Eastern Goldfields. The program targets high-grade gold-bearing quartz reef mineralisation previously identified in historical workings and drill intercepts at the Waverley and Trial Pits.

The initial diamond drilling (DD) campaign comprises approximately 1,000 metres and is focused on confirming and extending known mineralisation that remains open down-dip, down-plunge, and along strike. Priority targets include historical drill intercepts such as 4.1 metres at 12.53 grams per tonne (g/t) gold from 59.7 metres, including 0.65 metres at 77.3 g/t Au, and 4 metres at 13.83 g/t Au from 16 metres, including 1 metre at 53 g/t Au.

Planned Follow-Up Drilling and Assay Timeline

Upon receipt and review of assay results from the diamond drilling, Lachlan Star plans to undertake a follow-up reverse circulation (RC) drilling program of approximately 2,000 metres. This next phase will target a roughly 400-metre mineralised corridor between the Waverley and Trial Pits and the Baker Boys Prospect, aiming to better define the extent and continuity of mineralisation.

The diamond drilling program is expected to be completed within about three weeks, with assay results to follow thereafter. CEO Andrew Tyrrell noted that the drilling represents a key milestone in systematically testing the high-grade quartz reef corridor identified at the project.

Context Within Lachlan Star’s Exploration Strategy

The New Waverley Gold Project is one of two projects Lachlan Star holds in the Norseman region, a district known for its gold endowment. The company recently secured a 90% stake in the project and raised $7.47 million to accelerate exploration activities, including drilling at New Waverley. These developments position Lachlan Star to advance its exploration objectives in a historically productive gold province.

While historical drill results and recent rock chip sampling provide encouraging indications of high-grade mineralisation, assay results from the current drilling program will be critical to confirming grade and continuity. The company has highlighted that mineralisation remains open in multiple directions, suggesting potential for further discoveries within the project area.

Investors and stakeholders will be awaiting assay outcomes and subsequent drilling updates to better understand the project’s potential scale and economic viability. The company has committed to providing updates as results become available.