Green light for Golden State to drill four gold targets at Yule South

Golden State Mining (ASX:GSM) secured approvals for the drilling of four priority gold target areas at its Yule South project in WA’s Pilbara region.

The 4,000m reverse circulation program will test the Target 1 East, Target, Target 1 West and Target 1 2A areas that had demonstrated anomalous gold and pathfinder alteration vectors during first pass exploration.

“These interpreted intrusive style targets, which delivered encouraging first pass anomalies will now be assessed by probing RC drilling to gauge their gold potential,” Golden State Mining managing director Michael Moore noted.

“The company has just over 700sqkm of tenements now granted at Yule and this gives the company a strategic ground position within the Mallina Basin.”

New drill targets

Significant silica and pyrite alteration has been recorded at Target 1 West in addition to multiple intersections of anomalous 0.1 grams per tonne (g/t) gold values.

These indicators are interpreted as a potential mineralised intrusive at depth.

Over at Target 1 East, magnetic inversion modelling has interpreted an anticlinal intrusive feature that has not been tested by aircore drilling.

Interpreted structural zones outlined by magnetic linear features occur either side of this modelled intrusive, which hosts several gold intersections recorded in Phase 1 aircore drilling.

Anomalous gold intercepts and zones of significant magnetite and leucoxene alteration have been noted at Target 5 while Phase 1 aircore drilling has outlined a 1,400m arsenic anomaly reinforced by two +0.1g/t gold intercepts at Target 2A.

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.