No shortage of exploration activity across Golden State’s lithium and gold projects in WA. Pic via Getty Images.
Golden State keeps up momentum on WA lithium, gold exploration
Mining
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Golden State is progressing exploration programs across its key lithium and gold projects in Western Australia.
At the Yule project in the Pilbara, the company is starting high-resolution drone magnetics over the Nomad lithium prospect this week, while a detailed ground gravity survey is scheduled to begin at the end of June.
These programs seek to better define structure and target a lithium pegmatite signature ahead of aircore and reverse circulation drilling that is expected to begin in late July.
Golden State Mining (ASX:GSM) adds that assays from infill soil sampling at the Paynes Find lithium project have confirmed and delineated two target areas with anomalous lithium and pathfinder results that are consistent with regional pegmatite trends.
On the gold front, the first pass ultrafine soil sampling at the Southern Cross East project has identified 32 areas of interest which have been ranked in order of priority for follow up work.
Two higher priority areas in proximity to structural trends show anomalous low-level gold values supported by other pathfinder elements such as arsenic and silver.
“Lithium targeting work continues apace at our Nomad lithium prospect with both magnetic and gravity surveys due to commence shortly,” managing director Mike Moore said.
“This data will enhance our understanding of this highly prospective area and help refine our upcoming priority air-core and reverse circulation drilling campaigns.
“The company has also further enhanced our two lithium target areas at Paynes Find with highly encouraging soil geochemistry infill results which have now delineated a 2.5km north-northwest trending target corridor which is a similar orientation to the neighbouring Mt. Edon pegmatite field.”
He added that the company was encouraged by recent soil geochemistry results at its self-generated Southern Cross East project which show low level gold anomalism that is potentially associated with a nearby major structure.
Lithium exploration
The high-resolution drone magnetic survey will be flown over the entire Nomad prospect area to better define internal structures within the overall antiformal structure while the detailed ground gravity survey will be conducted over the northern section to delineate any “gravity lows” which could be interpreted as pegmatite signatures. This method has proved successful for other lithium explorers in WA.
At Paynes Find Central, results from the highest priority zone have now delineated a roughly 2.5km long north-northwest trending target zone, which appears to be the same trend as the Mt Edon pegmatites mapped approximately 6km to the east by Morella Corporation.
The second priority infill area at Paynes Find North has divided the original anomalous area into three separate target zones of various orientations which are about 7km northwest of the historical ‘Wydgee’ beryl-columbite pegmatite mine workings.
Upcoming work
At Paynes Find, both priority target areas now require ground mapping, rock chipping where outcrop is available and potential planning for drilling expected in November 2023.
Golden State will also carry out follow-up soil sampling at Southern Cross East from mid-June over the two priority target areas with an estimated completion by the end of June.
Results and interpretation will then be incorporated with field mapping work planned for September 2023 in preparation for potential drilling planned for early November 2023.
This article was developed in collaboration with Golden State Mining, 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.
