Golden State flags six new multi-commodity targets in Mallina Basin
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The upbeat gold, lithium, and base metals explorer has just released the latest air-core assay results from its Yule project in the under-explored Mallina Basin in the Pilbara.
Drilling at the new gold target at Yule North returned 4m at 0.8g/t from 74 metres, and lithium pegmatite pathfinders and arsenic haloes were expanded at Target 2 at Yule South.
The company believes the prospectivity of their project for LCT pegmatites is bolstered by the occurence of multiple zones of spodumene pegmatites, identified by Sayona Mining (ASX:SYA) at their Mallina Project, located only 37kms to the southwest of Target 2.
Moving forward, the company has now prioritised six multi-commodity target areas to focus on with follow up drilling, including:
“The wide spaced and shallow air-core drilling which has revealed these anomalies provides GSM with a platform to launch into more focused follow-up drilling to test the extensive along trend gold potential,” Golden State Mining (ASX:GSM) MD Michael Moore said.
“GSM continues to validate the credibility of this region and its ability to deliver further major discoveries.
“The multi commodity potential of the host geology provides the company with strong exposure to in-demand metals.”
This article was developed in collaboration with Golden State Mining Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.