North Stawell extends gold trend north of Stawell mine

North Stawell Minerals (ASX: NSM) has reported new gold assay results that further define mineralisation at its Darlington and Caledonia prospects, strengthening the case for a larger gold system north of the Stawell Gold Mine in Victoria.

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The latest re-sampled air core drilling has extended the gold trend at Darlington to around 800 metres, with mineralisation remaining open to the south and at depth.

Better Darlington results included 1 metre at 2.18g/t gold, 1 metre at 2.05g/t gold and 3 metres at 1.35g/t gold, including 1 metre at 2.52g/t gold.

At Caledonia, drilling returned 3 metres at 1.70g/t gold, including 1 metre at 2.75g/t gold, along with additional intersections of 1 metre at 1.86g/t gold and 1 metre at 1.41g/t gold.

The company said the results continue to support similarities between the Darlington-Caledonia corridor and the nearby multi-million-ounce Stawell Gold Mine, with mineralisation appearing to follow the same geological setting along the edge of a basalt unit.

North Stawell’s next phase of exploration will focus on identifying higher-grade gold shoots within the broader mineralised system, as it continues to test the potential for a significant concealed gold discovery.

NSM last traded at $0.20/sh.

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