- Star Minerals (SMS) launches a stage two definition drilling program at its Tumblegum South gold project in Western Australia
- The company has mobilised a rig to site and begun drilling, with the aim of expanding the resource, and learning about the geology and grade characteristics of the project
- Stage two will involve 2500 metres of drilling to further define and expand on the current gold resource
- Star Minerals ends the day in the grey trading at 21 cents
Star Minerals (SMS) has launched a stage two definition drilling program at its Tumblegum South gold project in Western Australia.
The company mobilised to site and began work on stage two resource definition drilling, with the aim of expanding the resource and learning about the geology and grade characteristics of the project.
Stage two will involve 2500 metres of drilling to further define and expand on the current gold resource.
The move follows a 1994-metre stage one drilling campaign, which was undertaken by Impact Drilling. The contractors have now been re-engaged for the new stage of drilling.
Tumblegum South has an existing inferred resource estimate which totals 600 thousand tonnes, at a grade of 2.2 grams of gold per tonne (g/t).
Star Minerals’ CEO Greg Almond said it was exciting to be back on site at Tumblegum South.
“We are pleased that once again we have the Impact Drilling team to assist our staff,” Mr Almond said.
“We believe our shareholders will be encouraged by this news, as it demonstrates our confidence in the asset we have at Tumblegum South, and the potential to increase our knowledge of the deposit as we follow up from the results of stage one drilling.”
Star Minerals ended the day in the grey with shares trading at 21 cents.