- Golden State Mining (GSM) wraps up an RC drilling program at its Nomad and Balla Yule prospects in Western Australia
- The RC program comprised 11 holes for 2059 metres at GSM’s Yule project in WA’s Pilbara
- The company is aiming to begin air core drilling at its Nomad, Balla Yule and Yule East prospects in late August
- Meanwhile, GSM also received soil assays from sampling at its Southern Cross East project, identifying 41 areas of interest
- GSM shares are down 25 per cent, trading at 3 cents at 12:43 pm AEST
Golden State Mining (GSM) has completed reverse circulation (RC) drilling at its Nomad and Balla Yule prospects in Western Australia.
The targets, prospective for lithium-gold and nickel-copper-lithium respectively, saw 11 holes sunk for a total of 2059 metres.
GSM Managing Director Michael Moore said the completion of this drilling effort was just the beginning.
“The completion of RC drilling at the Nomad lithium prospect as well as drilling to assess the nickel, cobalt and lithium potential at Balla Yule is just the start of a busy phase of exploration at Yule,” he said.
The company’s focus will now shift towards commencing aircore drilling at its Nomad, Balla Yule, and Yule East prospects in late August of this year.
All aforementioned prospects are situated within Golden State’s Yule project located in the Pilbara region of Western Australia, and the company expects assay results from its RC program in October.
Furthermore, Golden State has received soil assay outcomes from its sampling efforts at the Southern Cross East project.
A total of 562 samples were collected for analysis, aiming to provide clarity on prioritised areas displaying anomalous gold and pathfinder elements.
“We are also pleased to report our phase two soil results at Southern Cross East have allowed us to identify 41 areas of interest where we have record anomalous gold and pathfinder elements,” Mr Moore added.
Field mapping activities are scheduled for September as a preparatory step for drilling at the outset of the upcoming year.
Shares in GSM were down 25 per cent, trading at 3 cents at 12:43 pm AEST.