Special Report: Golden State has locked in numerous gold and base metals targets its Yule Project ahead of a big 2020 drill program. Managing director Mike Moore says “this is elephant country — and the whole area is underexplored.”

”Golden State Mining (ASX:GSM) is gearing up for a big 2020 drilling season at its Yule Project in WA’s Pilbara region. Golden State has now identified 17 priority gold, base metal and rare earth element target areas within the Yule Project ’s +650km2 of exploration tenements.

Yet the lack of rock outcrop to guide geologists means this prospective ground — just a stone’s throw from the central hub of Port Hedland — was barely touched by historic exploration.

Moore says, “There was a limited work done up until the early 1990’s but not much since then,” he told Stockhead

“Our geologists have no visible clues for potential mineral deposits on surface due to an extensive layer of sand cover so have to rely on other modern technologies to generate targets.”

These technologies include aeromagnetic data, which provides evidence of the structural framework and magnetic properties of the underlying rock to give explorers a better idea of where mineralisation may be hiding.

An extensive review of available magnetic data by the GSM team during 2019 has generated a feast of targets, Moore says.

“This is elephant country – and the whole area is underexplored,” he says.

 

Yule location showing planned exploration targets in 2020.

Drilling season

At Yule North (E47/3508), Golden State will target 21km of the underexplored Sholl Shear Zone (SSZ) included in this tenement which is a major geological structure in the region.

“Shear zones can act as ‘pathways’ for mineralising fluids and so this will be the main focus for drill targeting in the 2020 field season.

Something as significant as the SSZ is certainly a structure we want to be focusing our exploration efforts on,” Moore says.

Drill planning and statutory approvals are also ongoing for the Balla Yule prospect (an interpreted Archaean layered intrusive with previously identified Ni and Co anomalism), another big target in the greater Yule North project area.

The other major exploration focus will be Yule South tenements, where – once again – the challenge for previous explorers has been the layer of sand cover.

But following the review of aeromagnetic data, Golden State has actually expanded the scope of exploration activities planned for the 2020 field season.

Additional drill targets will now be added to the planned reconnaissance drilling program due to kick off in Q2.

A magnetic image of Yule South showing drilling targets.

“Our geology team have identified interesting structural features in that data which has given us a significant number of priority targets.

“If we get some evidence of anomalous mineralisation in the first round of drilling, we will likely follow up with close-spaced, more focused geophysics over a smaller area to dial in tighter on some mineralised targets.”

NOW READ: Golden State lays the foundations for a giant discovery in 2020

 

This story was developed in collaboration with Golden State Mining, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

 

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