Lodestar Announces Completion of Recent Sampling Program at Flagship Peny Project A total of 395 samples were collected during the 2-week field program. Numerous pegmatite bodies were identified. Preliminary XRF Results used to vector potentially lithium-bearing mineralized pegmatite
Lodestar Announces Completion of Recent
Sampling Program at Flagship Peny Project
A total of 395 samples were collected during the 2-week field program.
Numerous pegmatite bodies were identified.
Preliminary XRF Results used to vector potentially lithium-bearing mineralized pegmatite
bodies.
Laboratory assays are pending from the sampling program.
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2023) -
Lodestar Battery Metals
(TSXV:
LSTR) (OTCQB: SVTNF)
("
Lodestar
" or the "
Company
"),
focused on becoming a leading critical
metals exploration company, is pleased to announce initial results from a prospecting and rock chip
sampling program at its 100% owned Peny Property ("
Peny
" or the "
Property
").
2023 Summer Work Program Summary
Lodestar has completed an extensive rock chip sampling program on the Property, with team efforts
leading to the collection of 395 samples (402 including QAQC) across the Property. After ground
truthing, targets generated from the spectral and geophysical analysis confirm extensive pegmatite
occurrences throughout the property not previously reported (Figure 1). More information pertaining to
Lodestar's 2023 exploration initiatives can be found in the prior August 21, 2023, and September 11,
2023 news releases
here
and
here
.
Portable XRF ("
pXRF
") analysis was utilized in conjunction with the field program to provide initial
potassium/rubidium (K/Rb) ratios, which is a proxy pathfinder method in vectoring for lithium mineralized
pegmatite dykes on the Property. This was a useful tool in vectoring and follow-up work while still in the
field. The samples are to be submitted to SGS for laboratory analysis and will be announced as soon as
received by Lodestar.
"We are thrilled with our preliminary sampling results on our Peny Project," said Lowell Kamin,
Lodestar's CEO, President and Chairman of the Board. "The number of samples collected not only
demonstrates our team's hard work and dedication but also puts us in a strong position to continue our
lithium exploration and development efforts. Our team is eagerly awaiting the assays from this initial
program and is looking forward to carrying out the next phase of our exploration program on our 100%
owned Peny Project."
Figure 1: Rock Sampling Locations from Peny Sampling Program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/181837_8f248d41744e4810_002full.jpg
Lodestar to Provide Corporate Update with Upcoming Webinar
The Company would also like to remind interested participants that tomorrow September 27, 2023,
CEO, President and Chairman of the Board, Lowell Kamin, will be providing a corporate update through
a webinar hosted by Existing Media (the "
Webinar
").
During the Webinar, Mr. Kamin will discuss the successes of the recent work program as well as some
upcoming milestones for the remainder of the fiscal year. Those interested are encouraged to register at
the link below:
Date: Wednesday, September 27, 2023
Time: 11 AM PT / 2 PM ET
Registration Link:
https://streamyard.com/watch/SJT94xAsbQip
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.
About Lodestar Battery Metals Corp.
Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the critical 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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https://www.newsfilecorp.com/release/181837