Golden State is set to get the new year off to a cracking start, scooping up a number of new licences to explore for gold and battery metals. Pic via Getty Images.
Mining
Golden State Mining has cast its exploration net wide, securing new gold and battery metals projects across WA.
Golden State (ASX:GSM) has been hard at work in recent weeks, securing the rights to explore new exploration ground prospective for gold and class 1 nickel in WA’s mining heartland.
They include an exploration licence to the north of the Four Mile Well gold project in the WA Goldfields, where reconnaissance aircore drilling is set to commence in February, testing anomalous gold results identified in soil sampling last year.
Other tenure acquired by GSM include three exploration licences around 60km north-east of the historic and well-endowed Southern Cross gold camp covering a massive area of 620km2, as well as the Yamarna project, capturing the same crustal feature as St George Mining’s Mt Alexander nickel sulphide deposit.
GSM now has a foothold in nine distinct mineral fields across WA, Australia’s biggest and most productive mining State.
“We have been working hard to ensure the exploration momentum of 2022 flows into 2023, with several new and existing opportunities being pursued,” GSM managing director Mike Moore said.
“Drilling at the Four Mile Well project is expected to commence this February, where we are following up elevated gold values from previous soil sampling.
“The recently granted tenure at Southern Cross presents an exciting gold exploration opportunity in an area that’s been long overlooked most probably due to cover and subdued magnetics.”
“Finally, the Company is now planning its exploration strategy at the recently granted tenement at Yamarna. This ground is situated on the same crustal feature as the Mt Alexander nickel sulphide discovery.
While tenement E38/3632 at Four Mile Well is an extension of GSM’s existing Laverton gold exploration efforts – where ultra-fine fraction soil sampling has reinforced elevated gold levels in historic regional soil sampling — the Southern Cross East and Yamarna are steps into new domains.
At Southern Cross East the three tenements include interpreted buried Archaean rocks in a favourable structural setting for the discovery of orogenic gold, with negligible on-ground exploration in the area.
The structural setting is thought to comprise a series of thrust faults dislocated by minor secondary dilational structures which are prospective for orogenic gold mineralisation.
The tenements are located near Ramelius Resources’ Marda project, which contains resources of 1.3Mt at 1.5g/t of gold and feeds its Edna May gold mine plant, as well as the Mt Dimer project, which contains 722,000t at 2.1g/t.
Regional soil sampling and field reconnaissance programs are scheduled to begin this month.
At Yamarna, located in a gold and nickel field between major projects like the Windarra nickel mine and the Gruyere gold mine 95km north-northeast of Laverton, GSM is hunting nickel sulphide plus PGE and copper targets in an analogous geological setting to St George’s Mt Alexander nickel discovery.
“As seen at Mt Alexander, the interpreted host rocks at Yamarna (interpreted as granitic in nature) are fractured and intruded by Proterozoic dykes and considered similar to the setting at Mt Alexander,” the company said.
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.
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