RC rig at Mt Stirling.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Standout results from ongoing grade drilling at Mt Stirling.
  • Ten intercepts confirm wide, consistent ore envelope.
  • Results provide critical input for pit design and selective mining studies.

GoldArc Resources (ASX:GA8) has received “standout” results from a fifth batch of assays from a reverse circulation grade control program at the Mt Stirling gold deposit.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Results from this batch returned consistently broad, high-grade intercepts across the eastern sector of the deposit, with one interval exceeding grades above the Mt Stirling indicated resource grade of 2.1 grams per tonne.

Multiple broad intercepts were returned across the east, confirming a wide and continuous ore envelope that underpins robust mine plane development.

“These continue to build a clear picture of the Mt Stirling ore body. The broad intercepts we’re seeing across the eastern sector are consistent with the grade and width we’ve observed across the northwestern and central sectors in prior batches. That consistency across the full deposit footprint is encouraging and will assist our ongoing mine planning work with BML Ventures,” MD, Paul Stephen, said.

“With the program now past halfway, we have a substantial dataset. We look forward to reporting further results as the remaining batches are processed and to continuing with BML Ventures in mine planning.”

Around 19,180 metres of the 34,000m grade control RC program has now been completed, representing more than 56% of the total planned metres.

Narrow, high-grade shoots continue to be observed alongside the broader envelope, including 2m at 26.10 g/t from 6m, demonstrating high-grade shoot architecture identified in prior batches extends east. This batch of assays returned broad mineralised intervals with ten intercepts of 7m or greater.

Further assay batches are in progress and will be released progressively.

GA8 is steady at 6.9¢. Mkt cap $39.53M.

Join the discussion: See what HotCopper users are saying about GoldArc Resources Ltd and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

ga8 by the numbers
More From The Market Online
The Market Online Video

HotCopper Highlights, Week 29: Dimerix licensing, lithium, & a Mesoblast milestone

In Week 29, HotCopper users kept their eye on Dimerix, Resolution Minerals and PYC Therapeutics. They…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham: The smoking gun hidden in Australia’s jobs data

Next week, all eyes will be on Australia’s jobs data with the release of the June labour force report.

Right observes high-grade tungsten from Blue metallurgical sample

Right Resources (ASX:RRE) has confirmed high-grade tungsten in a maiden metallurgical testwork program at the Blue prospect within the Tumbarumba region of

Nordic Resources further extends gold potential at Kopsa North

Nordic Resources (ASX:NNL) continues to expand its Kopsa gold-copper project in Finland with positive new drilling results.