Lodestar Minerals Limited advised that the initial phase of RC drilling has now been completed at the 100%-owned Jubilee Well gold prospect located 8km north of the 9Moz Sunrise Dam gold mine and 2km north of the 100,000oz Au Golden Delicious gold mine, south of Laverton, Western Australia. The RC program targeted shear-hosted gold mineralisation reported in historic drilling along strike from the Golden Delicious deposit being mined by AngloGold. The program consisted of nine holes, for a total of 1312m, over a strike distance of 150m.

Historic reports identified gold mineralisation associated with haematite-albite altered quartz diorite with discrete intervals of strong shearing and silicification. Lodestar's drilling consistently intersected a weakly haematite altered felsic intrusive within a sequence of variably silicified and altered chlorite schist (andesite). The andesites display locally intense shearing and silicification.

Strongly sheared intervals exhibiting silica-sericite alteration with fine grained disseminated sulphide mineralisation were noted in drill hole logs over the 150m of strike, indicating successful intersection of the mineralised shear zone by PosGold and Acacia. Samples from the program will be dispatched and assayed for gold and multi-elements.