Special Report: Robust geochemical results from a first pass program at the Paynes Find project has propelled exploration forward as Golden State prepares for the upcoming field season.

Two priority targets, up to 6km long, have been identified with infill soil testing underway and further mapping to redefine drill targeting in early July.

Around 683 soil samples have been collected for independent analysis and revealed 29 areas of interest.

Assay results recorded lithium anomalism up to 217ppm along with robust pathfinder support. The geochemical program does not include the higher priority structural targets which will be drilled later in the year.

Sampling to date covers just 14.4% of the overall granted project area and according to Golden State Mining (ASX:GSM) it stands to reason that drilling of the high priority targets will potentially return some intriguing results.

 

Setting the scene for drill targeting

“This first phase of work has provided encouraging lithium results so early in 2023,” Golden State managing director Michael Moore says.

“This outcome not only gives us great momentum for the field season ahead but provides vectors for drill targeting at the project later in the year.

“With just over 14% of the project area covered in this first round of work, we will have a significant amount of ground to evaluate, and it’s great to report that this important work has already commenced.”

 

What’s next?

Infill soil sampling has kicked off over the two priority target areas with an estimated completion date set for the end of March.

Assay results for this infill campaign are expected in early May at this stage and results will then be incorporated with field mapping work planned for late May in preparation for drilling in July.

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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