Exciting Rock Assay Results from Lancaster Resources' Gold Project
Vancouver, British Columbia – Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF) is thrilled to share recent rock assay results from its fully owned Lake Cargelligo Gold Project. This project is located in a region rich in mineral resources and has become the focus of significant exploration activity.
Assay Highlights and Findings
During a recent field visit as part of the preliminary 43-101 technical report, our team collected eleven samples from the Josephine Moulder target. These samples were sent to a recognized independent laboratory in Australia, ALS, for analysis.
Sampling and Results
Among the eleven samples analyzed, several returned exceptional values, showcasing the project's potential. Notably, the results revealed exceptionally high gold content, with one sample yielding an impressive 31.5 g/t Au. Additionally, silver grades were also noteworthy, reaching up to 114 g/t Ag, indicating considerable polymetallic mineralization.
Geological Significance
Our further investigations through geological mapping have identified significant alteration zones and vein systems, suggesting robust geological features across areas that have remained unexplored in the past. This discovery enlarges the known footprint of mineralization, indicating the potential for high-grade gold-silver deposits. This geological strength, combined with our assay results, highlights the exciting possibility of locating further valuable resources.
Quotes from Leadership
Andrew Watson, President and CEO of Lancaster Resources, expressed enthusiasm over the newfound high-grade mineralization. He stated, "Our team is extremely encouraged by these assay results, which confirm the presence of high-grade gold and silver mineralization at Lake Cargelligo. The strength of geology, combined with the strong grades, underscores the potential for a significant new discovery. These results mark an exciting step forward as we advance exploration and unlock the value of this highly prospective property.”
Next Steps and Exploration Plans
The samples are part of our commitment to validating historical data reported from the Josephine Moulder and Mount Wilga prospects. This initial sampling is crucial for conducting a comprehensive NI 43-101 technical report and for meetings with landowners. The lab's integrity and professionalism are vital as we continue our exploration journey.
About Lancaster Resources Inc.
Lancaster Resources Inc. is a diversified exploration company based in Canada. The company focuses on advancing its portfolio of critical mineral and gold projects located in established mining jurisdictions. In addition to the Lake Cargelligo Gold Project, which spans over 62,300 hectares, Lancaster’s portfolio includes the Lac Iris Polymetallic Project in Canada, and several uranium and gold projects across Saskatchewan’s Athabasca Basin.
Contact Information
For further inquiries, you can reach out to:
Andrew Watson, President & Chief Executive Officer,
Lancaster Resources Inc.
Email: Andrew@lancaster-resources.com
Phone: 604 923 6100
Frequently Asked Questions
What is the significance of the assay results announced by Lancaster Resources?
The assay results indicate the presence of high-grade gold and silver mineralization, confirming the project’s strong exploration potential.
Where is the Lake Cargelligo Gold Project located?
The Lake Cargelligo Gold Project is situated in a prominent gold mining region in Australia, covering over 62,300 hectares.
What future plans does Lancaster Resources have for the Lake Cargelligo Gold Project?
The company plans to continue its exploration efforts to further define and expand the areas with high-grade mineralization.
Who can be contacted for more information on the press release?
Andrew Watson, the CEO, is available for inquiries and can be reached at the company’s provided email address.
What other projects does Lancaster Resources operate?
In addition to the Lake Cargelligo project, Lancaster Resources owns the Lac Iris Polymetallic Project and has interests in various uranium projects in Canada.
