- Golden State Mining has completed an electromagnetic survey at the Balla Yule Prospect
- The aim of the survey was to refine the geometry at Balla Yule and assess the potential for possible drill targeting
- Aircore drill planning of three gold targets is advancing and awaiting government approvals
- Golden State’s share price is steady today with shares trading for 8 cents apiece
Golden State Mining has completed a fixed loop time domain electromagnetic (FLTEM) survey at the Balla Yule Prospect.
Balla Yule is situated within the Yule Project which is located between 45 and 65 kilometres southwest of Port Hedland in Western Australia.
There are four exploration licences E47/3508, E47/3503, E45/5570, and E47/3507, that cover a total area of 656 square kilometres.
The aim of the FLTEM survey was to refine the geometry of the conductance source at Balla Yule and to assess the potential for possible drill targeting.
A total of 97 stations were acquired during the survey on 25-50 metre centres and 100-metre spaced lines.
The results will now be processed with a final report expected within the next two weeks.
“The initial identification of a bedrock conductor was a highly encouraging first step in our exploration drive at the very exciting Balla Yule Prospect,” Managing Director Michael Moore commented.
“Rapidly following up the initial geophysical survey work with a fixed loop electromagnetic survey was essential as we look to define a follow-up drill program,” he added.
Aircore (AC) drill planning of three high priority gold and rare metal pegmatite targets at the Yule South Project is advancing and awaiting statutory government approvals.
This program is expected to begin once Heritage surveys have been completed.
Golden State’s share price is steady today with shares trading for 8 cents apiece at 2:32 pm AEDT.