Lachlan Star Says Maiden Drilling Program at Western Australia Project Intersects Shallow, High-Grade Gold; Shares Down 3%

MT Newswires Live

05/25

Lachlan Star's (ASX:LSA) maiden 13-hole diamond drilling program intersected high-grade gold at the New Waverley gold project in Western Australia, according to a Monday Australian bourse filing.

Drilling hit intercepts including 6.2 meters at 8.6 grams per tonne (g/t) grade of gold from 46.9 meters, as well as 4.6 meters at 4.2 g/t grade of gold from 18.5 meters.

The company plans to start follow-up reverse circulation drilling program of around 2,400 meters in June, the filing said.

The company's shares fell nearly 3% in recent trading on Monday.

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