Lodestar Advances Exploration at Flagship Peny Project The highly anticipated field program at Peny Property is to commence this week with field crews targeting priority hyperspectral, radiometric and magnetic anomalies identified from Phase 1
Lodestar Advances Exploration at Flagship
Peny Project
The highly anticipated field program at Peny Property is to commence this week with field crews
targeting priority hyperspectral, radiometric and magnetic anomalies identified from Phase 1
work at the Property
Lodestar to participate in upcoming roadshow hosted by irlabs in September 2023
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) -
Lodestar Battery Metals
(TSXV:
LSTR) (OTCQB: SVTNF)
("
Lodestar
" or the "
Company
")
,
a Company focused on becoming a
leading lithium exploration corporation in the Snow Lake Mining District in Manitoba, is pleased to
provide an update on the field work at its flagship Peny Property ("
Peny
" or the "
Property
").
“I am very excited about our ongoing field work at our Peny Project in the prolific Snow Lake mining
district, surrounded by established operators with excellent discovery potential,” said Lowell Kamin,
Chairman, President and CEO of Lodestar. “We are dispatching our field crews, equipped with the
latest remote sensing, magnetic and radiometric data, enabling us to focus on the most interesting
and anomalous targets. Together with our partners at Axiom Exploration Group, we eagerly anticipate
this next phase.”
Remote Sensing and Hyperspectral Data
Remote sensing data was acquired by Lodestar in June 2023, to aid in target delineation to facilitate
effective field exploration during the current field program. Evaluation of the data has yielded 19 broad
areas of spectral anomalism and identified areas where anomalies form clusters of targets with high
spectral reflectance potentially indicative of Lithium-Cesium-Tantalum (“
LTC
”) Pegmatites. Numerous
Volcanic Massive Sulphide (“
VMS
”) related targets have also been identified where hydrothermal
alteration and typical iron oxide anomalism delineates broad targets for VMS potential.
Airborne Magnetic and Radiometric Survey
Axiom Geophysics & Remote Sensing (“
Axiom Group
”) was contracted to complete a helicopter-
supported magnetic and radiometric survey at 100m spacing over the Property. The survey was
completed in August 2023, and preliminary images have now been produced by Axiom Geophysics and
the results and have identify numerous magnetic low features coincident with previously defined spectral
anomalies that may represent non-magnetic pegmatite dykes and sills. Additionally, the surface
radiometric images produced illustrate similar radiometric high anomalies also associated with
hyperspectral and low-magnetic targets.
Figure 1: Exploration Targets compiled at the Peny property strategically located along the Crowduck,
and Berry Fault systems along strike in same geological setting as the Thompsons Bros and Zoro
Resources.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/180006_19fe539dc46d0a00_002full.jpg
Coincident Anomalism
Many of the hyperspectral anomalies identified from the previous
remote sensing data acquisition
when
compared with radiometric data and magnetic data show broadly coincident anomalism and general
alignment with the spectral targets and air photography that has been compiled over the project.
Figure 2: Comparative plots of Aerial photography, Remote Sensing spectral imagery, Normalized
Radiometric, and Magnetic anomalism at Targets 13 and 14 at the Peny property.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/180006_19fe539dc46d0a00_0003full.jpg
Many of these spectral, low-magnetic and radiometric anomalies will be ground-truthed during the
upcoming field program.
Helicopter-Assisted Rock Sampling Program
The Lodestar team is currently synthesizing all the final geophysics and remote sensing data at Peny to
systematically rank each of the new specific target areas which will be prioritized for landing sites for the
upcoming rock sampling program.
The experienced team at Axiom Group have been secured to manage the helicopter assisted rock
sampling program with the assistance of Gogal Air Services. Two teams are currently mobilizing to
Snow Lake to commence the field program which is anticipated to last ten days.
Axiom Group is utilizing XRF technology to target light elements such as lithium and associated
pathfinder metals cesium and tantalum known to occur in LCT pegmatites. This hand-held technology will
be effectively utilized as an important vectoring tool with immediate results and greatly assist Lodestar’s
exploration efforts during this upcoming program.
Qualified Persons
Luke van der Meer (P.Geo.) is the Vice-President Exploration of the Company and is a Qualified Person
(“QP”) as defined by National Instrument 43-101 guidelines – Standards of Disclosure for Mineral
Projects (“NI 43-101”) and has reviewed the technical information of this news release.
Lodestar to Participate in Upcoming Roadshow
The Company will be participating in the irlabs Investor Roadshow, starting with a virtual presentation on
September 13, 2023, followed by a four-city in-person roadshow spanning Vancouver, Calgary, Toronto
and Montreal. Participants can click
here
to register.
"This will be an excellent opportunity to showcase what we've been up to this past year, as well as
discuss some key upcoming objectives we're hoping to achieve," said Scott Margach, Executive Vice-
President & Director of Lodestar. "By then, we will have boots on the ground at Snow Lake. This is an
opportune time to engage with new potential stakeholders."
About Lodestar Battery Metals Corp.
Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the battery metals
space. The Company's 100% owned flagship Peny Property comprises of 47 mineral claims totalling
11,191 hectares in the Snow Lake District, Manitoba, with access to tier-1 existing infrastructure:
railway, roads, airstrip, and power. The Company also owns 100% interest in two significant silver
assets in Mexico. The Company intends to build a strong portfolio of battery metals projects to drive
future growth through exploration success and from later-stage projects with production potential. The
Lodestar business plan calls for a dynamic combination of developing its existing properties,
acquisitions, and partnerships to achieve this growth. For more information, visit
https://lodestarbatterymetals.ca/
.
Contacts
Lodestar Battery Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
Investor Relations
Alyssa Barry, IR Labs Inc.
1-(833)-947-5227
Forward-Looking Statements
The information set forth in this news release contains forward-looking statements based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions, and expectations. They are not guarantees of future performance.
Lodestar cautions that all forward-looking statements are inherently uncertain and that actual
performance may be affected by several material factors, many of which are beyond Lodestar's control.
Such factors include, among other things, risks and uncertainties relating to Lodestar's limited operating
history and the need to comply with environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from the estimates.
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TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/180006