Pr
October
30,
2025
Lancaster
Resources
LiDAR
Results
and
Field
Trip
Data
from
Lake
Cargelligo
Gold
Project
Vancouver,
British
Columbia:
Lancaster
Resources
Inc.
(CSE:LCR)
(OTC
Pink:LANRF)
(FRA:6UF)
(“
Lancaster
”
or
the
“
Company
”)
reports
new
LiDAR
and
field
data
analysis
revealing
multiple
gold-bearing
targets
and
previously
unmapped
vein
systems
at
its
100%
owned
Lake
Cargelligo
Gold
Project
in
New
South
Wales,
Australia.
The
new
data
sets
were
acquired
during
an
on-site
field
visit
and
through
data
acquisition
as
part
of
the
Company’s
ongoing
Phase
1
exploration
program.
LiDAR
and
Field
Trip
Highlights
●
Extensive
Strike
Length
:
75km
of
prospective
granite-sedimentary
contact
strike
length
now
secured
by
Lancaster’s
tenure,
which
is
largely
unexplored;
●
Multiple
Vein
Systems:
Newly
mapped
veins
and
historical
workings
at
the
Greater
Avoca
prospect,
where
historical
rock-chip
sampling
returned
up
to
3.66
g/t
Au
.
1
●
Josephine
Moulder
Trend:
The
system
remains
open
northward,
supported
by
widespread
Au-Ag-Te-Bi-As-Mo-Sb
anomalies
in
historical
auger
drilling
at
Josephine
Moulder
North
2
.
●
Newly
Defined
Targets:
LiDAR
interpretation
revealed
unrecorded
clusters
of
potential
old
workings
and
vein
swarms
between
Josephine
Moulder
and
Avoca
,
including
three
large-scale
zones
along
the
Central
Contact
that
have
seen
no
previous
exploration.
●
Soil
and
Geochemical
Anomalies:
Historical
data
indicates
Au-As-Cu-Zn
anomalies
along
the
Central
Contact
strike
from
LiDAR-interpreted
veins,
reinforcing
the
district-scale
mineralization
model.
●
Eastern
Contact
Opportunity:
Widespread
untested
features—including
possible
workings
and
quartz
veins—extend
over
>
5
km
along
the
Eastern
Contact,
an
area
with
no
recorded
exploration.
●
Additional
Upside:
Early
evidence
of
tin
(Sn)
enrichment
highlights
potential
for
additional
mineralization
in
parallel
with
gold-silver
exploration.
2
https://www.resources.nsw.gov.au/geological-survey/digs
1
Talbot,
M.,
2014,
Advene
-
Exploration
Licence
8095
Annual
Report
for
the
12
Months
Ending
27
May
2014,
Carpentaria
Exploration
Ltd.,
DIGS
Report
RE0006371
(GS2014/1533),
Sample
13920
1
Target
Prospects
Previous
exploration
at
the
project
focused
on
the
Josephine
Moulder
-
Mount
Wilga
prospects,
where
auriferous
veins-breccias
outcrop
over
hundreds
of
meters,
with
significant
historical
workings,
within
sedimentary
rocks
proximal
to
the
Ungarie
Granite
contact.
Minimal
historical
exploration
has
occurred
beyond
these
prospects
despite
a
large
strike
length
of
the
prospective
granite-sedimentary
contact
outcropping
or
lying
under
shallow
cover.
Lancaster’s
endeavours
at
the
Lake
Cargelligo
Project
are
gaining
momentum
with
the
Company’s
initial
site
visit
to
confirm
historical
exploration
reports,
publication
of
its
NI
43-101
Technical
Report,
and
interpretation
of
LiDAR
data
now
complete.
Additionally,
an
in-depth
review
of
existing
geophysical
data
and
targeting
study
by
an
expert,
independent
consultancy
is
nearing
completion.
2
Through
the
use
of
systematic,
results-based
exploration
programs,
the
Company
aims
to
assess
the
Lake
Cargellico
Project
in
a
holistic
manner,
principally
for
large-scale
Au-Ag
mineralization
as
well
as
for
Sn-W
enrichment.
Josephine
Moulder
/
Mt.
Wilga
Prospect
:
○
Four
rock
samples
were
taken
as
previously
announced;
○
Several
rock
chips
with
visible
gold
were
not
sampled
to
ensure
representative
sampling
of
the
exposed
mineralization
system:
■
Returned
up
to
31.5g/T-Au
and
114g/T-Ag
3
,
along
with
highly
anomalous
pathfinder
geochemistry
4
.
○
The
Josephine
Moulder
system
likely
remains
open
northward
with
widespread
Au-Ag-Te-Bi-As-Mo-Sb
anomalism
in
historical
auger
drilling
at
Josephine
Moulder
North.
Avoca
and
North
Quarry
:
○
Large
gravel
pit
lying
north
of
the
historical
Avoca
mine
shaft
and
its
associated
line
of
old
pits:
4
https://lancaster-resources.com/lancaster-resources-rock-assay-results-from-lake-cargelligo-gold-project/
(Sept
24,
2025)
3
https://lancaster-resources.com/lancaster-resources-rock-assay-results-from-lake-cargelligo-gold-project/
(Sept
24,
2025)
3
■
Avoca
shaft
had
a
peak
historical
rock
chip
of
3.66g/T-Au,
~13m
deep
along
>300m
trend
5
.
○
6
rock
chips
sampled
as
per
previously
announced;
○
Highly
anomalous
pathfinder
geochemistry
(Au-Ag-As-Bi-Sb)
supports
significant
further
exploration;
○
Lancaster
reconnaissance
identified
a
large,
new
veining
zone
north
of
Avoca,
which
was
previously
unsampled,
that
returned
strongly
anomalous
Au-Bi-Te
and
lies
subparallel
to
the
Avoca
line
of
workings,
along
with
numerous
other
potential
veins
and
workings
interpreted
in
LiDAR
data
over
the
Greater
Avoca
prospect;
and,
○
Supported
additional
land
acquisition
as
previously
announced
along
granite-sedimentary
contact.
New
Target
Areas:
Interpretation
of
existing
LiDAR
data
and
legacy
soil
sampling
geochemistry
has
identified
a
number
of
new
target
areas
at
the
project
that
fall
along
the
Central
and
Eastern
Contacts
-
5
Talbot,
M.,
2014,
Advene
-
Exploration
Licence
8095
Annual
Report
for
the
12
Months
Ending
27
May
2014,
Carpentaria
Exploration
Ltd.,
DIGS
Report
RE0006371
(GS2014/1533),
Sample
13920
4
being
the
prospective
contact
of
Ungarie
Granite
and
hosting
sedimentary
lithologies
-
while
the
Western
Contact
falls
under
shallow
cover.
Combined,
Lancaster’s
tenure
now
hosts
~75km
of
prospective
granite-sedimentary
contact,
much
of
it
completely
unexplored.
New
target
areas
include:
▪
A
potential
northwest-southeast
trending
vein
swarm
along
the
Central
Contact
~3km
south
of
Avoca
within
EL
9775
and
possibly
extending
undercover
into
ELA
6970;
▪
Potential
additional
workings
in
the
greater
Avoca-North
Quarry
area;
▪
Potential
cluster
of
unrecorded
historical
pits
and
trenches
identified
along
the
Central
Contact
~6km
north
of
Avoca
within
EL
9775;
▪
Potential
~4km
long,
open-ended
anomalous
Au-As-Cu-Zn-(Pb)
soil
trend
along
the
Central
Contact,
with
a
potential
northwest-southeast
vein
swarm
occurring
immediately
to
the
south;
and,
▪
Potential
~5km
strike
of
historical
workings
occurring
extensively
along
the
Eastern
Contact.
In
addition
to
a
Au-Ag
focus,
the
Company
also
considers
Lake
Cargelligo
prospective
for
Sn-W
mineralization
and
will
look
at
advancing
exploration
for
both
commodity
target
suites
in
parallel.
5
“Our
team
is
extremely
encouraged
by
these
LiDAR
results,
which
support
the
presence
of
high-grade
gold
and
silver
mineralization
at
Lake
Cargelligo.
They
add
validity
to
our
exploration
model
and
path
forward
as
we
unlock
district-scale
gold
and
precious
metal
projects.
We
remain
focused
on
building
the
value
of
this
highly
prospective
property,”
said
Andrew
Watson,
President
and
CEO
of
Lancaster
Resources.
The
samples
were
taken
by
the
Lancaster
Australia
team
with
the
aim
of
confirming
historically
reported
rock
chip
grades
as
previously
announced.
Further
field
exploration
is
required
to
continue
the
validation
of
LiDAR-identified
features
and
upside.
LiDAR
is
typically
used
to
identify
areas
of
interest,
veins,
historical
workings,
outcropping,
etc.
Andrew
Watson,
P.Eng.,
President
&
CEO
and
a
Director
of
the
Company,
is
a
Qualified
Person
as
defined
under
National
Instrument
43-101
–
Standards
of
Disclosure
for
Mineral
Projects
.
Mr.
Watson
has
reviewed
and
approved
the
scientific
and
technical
information
6
contained
in
this
news
release.
Mr.
Watson
is
a
Director
and
the
President
and
CEO
of
Lancaster
and
is
not
independent
of
the
Company.
About
Lancaster
Resources
Inc.
Lancaster
is
focused
on
building
a
portfolio
of
district-scale
exploration
assets
positioned
for
future
resource
development.
The
Company
holds
a
100%
interest
in
the
Piney
Lake
Gold
Project
in
Saskatchewan,
uranium
projects
at
Catley
Lake
and
Centennial
East
in
the
Athabasca
Basin,
and
the
Lac
Iris
Polymetallic
Project
in
Quebec’s
James
Bay
region,
where
it
also
holds
an
option
to
acquire
the
Trans-Taiga
property.
In
Australia,
Lancaster
owns
the
Lake
Cargelligo
Gold
Project
in
New
South
Wales,
covering
~62,300
hectares
with
c.
75
km
of
prospective
strike
and
multiple
primary
target
zones.
Andrew
Watson,
President
&
Chief
Executive
Officer,
Lancaster
Resources
Inc.
Tel:
604
923
6100
www.lancaster-resources.com
The
Canadian
Securities
Exchange
has
not
reviewed,
approved
nor
disapproved
the
contents
of
this
news
release.
Cautionary
Statement
Regarding
Forward-Looking
Statements
Certain
statements
contained
in
this
press
release
constitute
forward-looking
information.
These
statements
relate
to
future
events,
or
Lancaster’s
future
performance.
The
use
of
any
of
the
words
“could”,
“expect”,
“believe”,
“will”,
“projected”,
”estimated”
and
similar
expressions
and
statements
relating
to
matters
that
are
not
historical
facts
are
intended
to
identify
forward-looking
information
and
are
based
on
Lancaster’s
current
belief
or
assumptions
as
to
the
outcome
and
timing
of
such
future
events.
Actual
future
results
may
differ
materially.
In
particular,
the
ability
of
Lancaster
to
execute
its
exploration
plans,
raise
capital,
retain
key
personnel,
identify,
acquire,
explore,
and
develop
high-quality
mineral-rich
properties
constitute
forward-looking
information.
Actual
results
and
developments
may
differ
materially
from
those
contemplated
by
forward-looking
information.
Readers
are
cautioned
not
to
place
undue
reliance
on
forward-looking
information.
The
statements
made
in
this
press
release
are
made
as
of
the
date
hereof.
Lancaster
disclaims
any
intention
or
obligation
to
publicly
update
or
revise
any
forward-looking
information,
whether
as
a
result
of
new
information,
future
events
or
otherwise,
except
as
may
be
expressly
required
by
applicable
securities
laws.
7