- Star Minerals (SMS) returns high-grade gold assay results from its phase one drilling program at the Star of the East project in Western Australia
- The company received results from its reconnaissance drilling campaign, which aimed to test historical data
- The program involved seven holes drilling for 283 metres, returning results including 14 metres at 8.3 grams per tonne (g/t) gold from 15 metre depth
- The company’s next steps will include further exploration to define the gold mineralisation, with an additional drilling program also on the cards
- Star Minerals is up 7.25 per cent, trading at 7.4 cents at 2:57 pm AEDT
Star Minerals (SMS) has returned high-grade gold assay results from its phase one drilling program at the Star of the East project in Western Australia.
The company received results from its reconnaissance gold drilling campaign, which aimed to test historical data.
The program involved seven holes for 283 metres, returning results of 14 metres at 8.3 grams per tonne (g/t) gold from 15 metres including eight metres at 14.2 g/t gold from 18 metres.
Star said the phase one drilling confirmed its interpretation of the geology and broad shallow gold intercepts at similar widths to prior explorers.
Star Minerals’ CEO Greg Almond said the company is very satisfied to have completed this first program which returned fantastic gold results.
“The assays confirm our initial assessment of Star of the East and further supports our decision to sign the option agreement to gain access to this gold deposit,” he said.
“The assays and geological logging provide further information that confirms some of our theories around the historic mining and mineralisation at Star of the East and provides encouragement for our future works to identify more gold mineralisation at this historic project.”
The company’s next steps will include further exploration to define the gold mineralisation, with an additional drilling program also on the cards.
Star Minerals was up 7.25 per cent, trading at 7.4 cents at 2:57 pm AEDT.