- Great Southern Mining (GSN) is halfway through its current drilling program and has been granted a mining lease at its Southern Star project in WA
- The company said it has completed over 50 per cent of its reverse circulation drilling program at the project and is expecting results later this month
- Additionally, the company has been granted a mining lease over the largest project area at Southern Star
- Great Southern said this mining lease is “another critical step” for the development of Southern Star and is needed for any future mining activities
- GSN shares are up 16.7 per cent and trading at 4.9 cents per share
Great Southern Mining (GSN) has announced it is halfway through its current drilling program and has been granted a mining lease at its Southern Star project in WA.
The company said it has completed over 50 per cent of its reverse circulation drilling program. Drilling is aimed at intersecting the quartz dolerite unit, as this is the host of the gold mineralisation at Southern Star.
GSN is expecting drilling results to be received this month.
Additionally, the company has been granted a mining lease over the largest project area at Southern Star.
The grant was from the Department of Mines, Industry, Regulation and Safety, and has an initial term of 21 years.
Great Southern said this mining lease is “another critical step” for the development of Southern Star and is needed for any future mining activities.
“Securing the grant of the Mining Lease is a pivotal moment for Great Southern Mining. It highlights the potential of Southern Star and is another step towards future mining activities in the larger Duketon Gold Project area,” Executive Chairman John Terpu said.
“The team has worked exceptionally hard since we acquired the Southern Star exploration licence and with the current RC program over halfway complete, we eagerly await the results and are looking forward to updating the market on the company’s progression of the project.”
On the market, GSN shares were up 16.7 per cent and trading at 4.9 cents per share at market close.