Business
LODESTAR BATTERY METALS ANNOUNCES EXPLORATION BUDGET AND START TO ITS 2023 WORK PROGRAM AT ITS PENY PROJECT IN THE SNOW LAKE DISTRICT, MANITOBA
VANCOUVER, BC, May 23, 2023 /PRNewswire/ -- Lodestar Battery Metals ("Lodestar" or the "Company") (TSXV: LSTR) (OTCQB: SVTNF) is pleased to announce it has
About this update from Landstar System, Inc.
[{"type":"text","content":"VANCOUVER, BC, May 23, 2023 /PRNewswire/ -- Lodestar Battery Metals (\"Lodestar\" or the \"Company\") (TSXV: LSTR) (OTCQB: SVTNF) is pleased to announce it has approved an exploration budget and has commenced work at its Peny Property in Snow Lake Manitoba. The staged project development will be completed with its partners at Longford Exploration to complete propriety remote sensing analysis and targeting, a focused magnetics and radiometric survey over select targets, concurrent with fieldwork. Fieldwork includes a preliminary reconnaissance of initially identified targets and verification of reported pegmatite intersections in 86 historic drill holes on the property. Additionally, there will be focused ground truthing and systematic mapping and sampling program, which will be completed in the late summer to coincide with conceptual winter drilling plans.\n\n \n \n \n \n \n \n\n \n \"We have planned a comprehensive development program, and we're thrilled to have Longford guide us as we further our exploration initiatives at our flagship Peny Property in Snow Lake Manitoba,\" said Lowell Kamin, President, CEO & Chairman of the Board of Lodestar. \"Longford, with their embedded partnerships, offers a diverse array of technical services that will help us understand the potential at the property, bringing expertise in exploration, geophysics, geomatics, ESG and energy services. Lodestar is looking forward to sharing our highlights for this campaign in the coming months.\"\n2023 Work Program\nThe 2023 field program will be advanced in stages during the coming months. The project development will focus on interpreting the results of the geochemical sampling, remote sensing, and magnetic, radiometric and structural interpretations before delineating targets for channel sampling and potential drilling in the fall of 2023.\nA review of historical data on the project has been completed, and ongoing regional geophysics and structural evaluation are being conducted to determine controls on pegmatite emplacement in the district.Remote Sensing has been commissioned across the district to determine prospectivity and define priority targets. As a result, the Company has accepted a proposal for the acquisition, processing, and analysis of Synthetic Aperture Radar (SAR) and Sentinel & Aster Multispectral data.Combining modern remote sensing tech...