07. April 2026
Lachlan Star Unveils New Waverley Gold Discovery As Drilling Commences In Western Australia
Lachlan Star Commences Drilling at New Waverley Gold Project in Western Australia
The exploration and mining company, Lachlan Star, has marked an exciting milestone in its journey to uncover the potential of its newly acquired New Waverley Gold Project in Western Australia. The commencement of the initial drilling program at this project is a significant step forward for the company.
Located in the Norseman region of the Eastern Goldfields, the New Waverley Gold Project is situated near other established gold mines and has been identified as having potential for diamond drilling at historical sites such as the Waverley and Trial Pits. The project’s focus on diamond drilling is a key aspect of its strategy, targeting high-grade quartz reef mineralization that remains open down-dip, down-plunge, and along strike.
The company has conducted extensive exploration work, including geological mapping and geochemical sampling, which have led to the identification of gold-bearing quartz reef mineralization. This mineralization is believed to be the result of hydrothermal activity that occurred in the region millions of years ago. The presence of this type of mineralization is often associated with significant gold deposits.
The initial drilling program at the project will involve a 1,000m diamond drilling campaign, which is expected to take approximately three weeks to complete pending assay analysis. Drilling targets include several historical drill intercepts that have been identified as being of high grade, including 4.1m at 12.53g/t gold from 59.7m and 4m at 13.83g/t gold from 16m.
These results are significant, not only because of their high grades but also because they demonstrate the potential for the project to deliver further high-grade results. The presence of multiple intercepts across different areas of the project suggests that there may be a larger mineralized corridor present beneath the surface, which could provide a source of new gold discoveries in the future.
The company’s CEO, Andrew Tyrrell, has expressed confidence in the potential for the New Waverley Gold Project to deliver further high-grade results. “Commencement of drilling at New Waverley represents a key milestone as we move to systematically test the high-grade quartz reef corridor identified at the project,” he said.
Tyrrell highlighted the importance of the follow-up drilling program, which will involve a 2,000m reverse circulation (RC) drilling phase targeting a mineralised corridor of approximately 400m between the Waverley and Trial Pits and the Baker Boys Prospect. This program is expected to begin after the completion of the diamond drilling campaign.
The acquisition of the New Waverley Gold Project by Lachlan Star was finalized last month, involving a cash payment of A$150,000 ($103,001) and the issuance of 12.5 million fully paid ordinary shares to the vendor. Half of these shares are subject to a 12-month voluntary escrow.
The project is located in an area that has been extensively explored and mined over the years, making it a challenging but exciting target for exploration companies like Lachlan Star. The company’s focus on diamond drilling and its confidence in the project’s potential suggest that it may be able to unlock significant gold discoveries at this site.
Lachlan Star is well-positioned to explore the New Waverley Gold Project, with its extensive exploration work and focus on diamond drilling providing a solid foundation for the project’s potential. The company’s CEO, Andrew Tyrrell, will continue to provide updates as results are received over the coming weeks.