Lachlan Star Limited
TSX : LSA
ASX : LSA

Lachlan Star Limited

February 27, 2012 09:00 ET

Lachlan Star Limited: 138% Increase in Indicated Mineral Resource to 1.72 Million Ounces of Gold, Plus 36% Increase in Inferred Mineral Resource to 1.26 Million Ounces of Gold

PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 27, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Gold miner, Lachlan Star Limited ("Lachlan" or the "Company") (TSX:LSA)(ASX:LSA) is pleased to announce an updated and increased mineral resource for the combined El Sauce, Tres Perlas and Churrumata deposit (now referred to as Tres Perlas) at its 100% owned CMD Gold Mine in Chile.

The CMD Gold Mine Indicated mineral resource now contains 1,722,000 ounces of gold, which is a 138% (997,000 ounce) increase over the January 2012 Indicated mineral resource (725,000 ounces). In addition, the Inferred mineral resources contain a further 1,255,000 ounces of gold, which is an increase of 36% compared to the January 2012 Inferred mineral resource (923,000 ounces) as shown in Table 1.

Table 1 - Comparison of Feb 2012 and January 2012 CMD Gold Mine Global Mineral Resource Estimates
Classification Jan 2012 Mineral Resource (koz) Feb 2012 Mineral Resource (koz) Oz's Change % Change
Indicated 725 1,722 997 138%
Inferred 923 1,255 332 36%

Figure 1 illustrates the rapid growth in the CMD Gold Mine global resource base since the Company took ownership in December 2010, as well as the increasing confidence levels of the mineral resource estimates.

The full announcement is available at the link below: http://media3.marketwire.com/docs/LSA0227.pdf

Contact Information