Lodestar Minerals Confirms Visible Copper in Second Three Saints Drill Hole

Why It Matters

The discovery points to a potentially sizable IOCG copper‑gold resource in a well‑served mining district, which could attract capital and boost Chile’s copper output. Confirming continuity across a 700 m strike strengthens confidence in the project's economic viability.

Key Takeaways

• Visible copper found in second drill hole at Three Saints, Chile
• Mineralisation spans over 700 m strike between two holes
• Hole L3SDD004 intersected copper, chalcopyrite, pyrrhotite from 219‑510 m
• Annular magnetic anomaly confirmed as IOCG‑style system
• Assay results due July; resource potential remains open

Pulse Analysis

Chile remains the world’s leading copper producer, and new IOCG discoveries can reshape the supply outlook. Lodestar Minerals’ Three Saints project sits in the Coastal Cordillera, only 35 km from the Pacific and near established infrastructure, making it attractive for rapid development. The region’s geology, characterized by iron‑oxide‑rich alteration zones, has historically hosted world‑class deposits, and the recent drill results reinforce the area’s prospective nature.

The second diamond hole, L3SDD004, was strategically placed 700 m from the maiden hole to test the continuity of a magnetic negative anomaly interpreted as a demagnetisation zone. Visible copper, chalcopyrite, pyrrhotite, magnetite and pyrite were encountered across a 291‑metre interval, indicating more pervasive alteration than previously observed. This lateral extension across a kilometre‑scale anomaly suggests a sizable, yet still open‑ended, mineralised system that could expand both laterally and at depth, a key factor for resource scaling.

Pending laboratory assays will determine the grade and economic potential, but the qualitative evidence already boosts investor confidence. If the forthcoming results confirm robust copper grades, Lodestar could position Three Saints as a new growth asset in a market hungry for copper to meet energy transition demand. The project’s proximity to transport corridors and existing mining hubs further lowers development risk, potentially accelerating financing and partnership opportunities in the coming months.