Business
Lancaster Resources Completes Land Acquisition at Lake Cargelligo, Updates 2026 Exploration Program, and Revises Announced Financing
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Lancaster Resources Inc. (CSE: LCR) (OTC Pink: LANRF) (FSE: 6UF0) ("Lancaster" or the "Company") is pleased to announce that it has completed the additional land acquisition at Lake Cargelligo as previously announced. This additional claim block, 100% owned by Lancaster, has been granted a 4-year term by the State of New South Wales.The Exploration Licence, EL9880, added an additional ~33,400ha of land base immediately adjacent to...
About this update from Lancaster Resources Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Lancaster Resources Inc. (CSE: LCR) (OTC Pink: LANRF) (FSE: 6UF0) ("Lancaster" or the "Company") is pleased to announce that it has completed the additional land acquisition at Lake Cargelligo as previously announced. This additional claim block, 100% owned by Lancaster, has been granted a 4-year term by the State of New South Wales.","length":418,"tagName":"p"},{"type":"text","content":"The Exploration Licence, EL9880, added an additional ~33,400ha of land base immediately adjacent to the original Lake Cargelligo property. The total combined claims are ~62,300ha.","length":179,"tagName":"p"},{"type":"text","content":"Lake Cargelligo is a highly prospective greenfield Gold-Silver project with significant potential for both intrusive related gold systems and discrete lode style mineralization.","length":177,"tagName":"p"},{"type":"text","content":""Lancaster is extremely pleased to close the acquisition of these additional mineral claims. The new Exploration Licence properties significantly increase our exploration prospects in Lake Cargelligo," said Andrew Watson, President and CEO of Lancaster Resources.","length":273,"tagName":"p"},{"type":"text","content":"2026 Exploration Program Update","length":31,"tagName":"p"},{"type":"text","content":"Lancaster is also continuing to advance exploration at both the Lake Cargelligo Gold & Silver project in Australia and the Lac Iris polymetallic project in Quebec.","length":167,"tagName":"p"},{"type":"text","content":"At Lake Cargelligo, the Company will continue working with various stakeholders and landowners to complete land access agreements for drilling and geological site work, a geophysical drone magnetic and ground-based induced polarization program at Josephine Moulder and submitting drilling applications to the state. The geophysical work will be a highly targeted program near historical drill locations to better refine the drilling targets and size of the mineralization zone. Lancaster is targeting to be drill ready by Q4 2026 at Lake Cargelligo.","length":549,"tagName":"p"},{"type":"text","content":"At Lac Iris, the company is building an initial field exploration program over the claim blocks along with a LiDAR/Geophysical drone magnetics program in the fall of 2026. This will hel...