お知らせ • Dec 20
Lancaster Resources Inc. Update on Phase 1 Gold and Silver Exploration Program for Lake Cargelligo Project
Lancaster Resources Inc. announced details of its 2026 Phase 1 Exploration and Project Development Program (the "Phase 1 Program") at its 100% owned Lake Cargelligo Project in New South Wales, Australia. The Phase 1 Program is tailored to advance the district-scale gold and silver potential of Lake Cargelligo during strong bullish market sentiment for gold, silver, and critical minerals, including tin and tungsten. Planned exploration activities include exploration drilling, property-scale mapping and sampling (surface and drilling), airborne and ground geophysical surveys, and regulatory approvals for exploration activities. Phase 1 Program Highlights. Multiple Vein Systems: Newly mapped veins and historical workings at the Greater Avoca prospect, where historical rock-chip sampling returned up to 3.66 g/t Au.2. Greater Josephine Moulder Trend: Recent rock-chip sampling returned values of up to 31.5 g/t Au and 114 g/t Ag, accompanied by highly anomalous Au-Ag-Te-Bi-As-Mo-Sb pathfinder geochemistry. The mineralized system remains open to the north, supported by widespread anomalism in historical auger drilling at Josephine Moulder North, indicating strong potential for strike extension and scale. Historical Compilation: Channel intercepts up to 16 m @ 5.83 g/t Au and 20 g/t Ag, with rock samples up to 204 g/t Au and 273 g/t Ag, from 4,176 geochemical samples. Geological Mapping & Sampling: Expanded property-scale geological mapping, surface sampling, and review of historical mining operations to refine geological interpretations and generate new gold, silver, tin, and tungsten targets. Geophysics: Planned ground and airborne geophysical surveys, including IP, magnetics-radiometrics, and LiDAR, to image subsurface lithological, structural, and alteration controls and prioritize drill targets at both deposit and district scales. will refine and prioritize future drill targets. Exploration drilling program: A planned -2,500 m drilling program at the Josephine Moulder target to test historical drilling, confirm subsurface gold and silver grades, evaluate geophysical targets, and advance resource modelling. Phase 1 Exploration Program Details. This program will allow Lancaster to gather sufficient technical information and data for the continued development of the project and permitting activities. Permitting activities for the RC drilling program were started in late November with landowner consultation to ensure alignment with the technical exploration program. The Program is aiming to support the mapping and understanding of the multiple prospects, grade, and mineralization at both a property and district scale across Lake Cargelligo. Data gathered from the geophysics will support subsurface exploration interpretation, drilling target refinement (priority and future targets). Drilling. Lancaster plans to complete an approximately 2,500-metre RC drilling program at the Joeine Moulder prospect. The program is designed to confirm historical drilling results, collect new samples from both near-surface oxide and deeper sulphide mineralization, assess the effectiveness of geophysical targeting, and advance resource modelling studies. Drill samples are also expected to undergo metallurgical testing to evaluate the potential for processing through nearby operating facilities, which may provide a pathway to accelerated cash flow. Andrew Watson, P.Eng., President & CEO and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.