- Strategic Minerals Corporation (SMC) has lodged the Southern Star Mining Lease application with the Queensland Department of Natural Resources, Mines and Energy
- The gold explorer hopes to expand its land holding in the area to support a potential gold mine development at the Woolgar Project
- The project covers six Exploration Permits for Minerals (EPMs) that span a 493 square kilometre area
- It sits next to the North Star Mining Lease, which was granted in 2017
- Strategic Minerals shares remain flat and are trading for 46 cents each
Strategic Minerals Corporation (SMC) is expanding its horizons and has lodged an application with the Queensland Department of Natural Resources, Mines and Energy.
The gold explorer lodged the Southern Star Mining Lease Application (MLA) 100236 to provide additional surface areas for infrastructure and other associated activities.
These activities are in support of a potential gold mine development at the Woolgar Gold Project.
Woolgar is located 120 kilometres north of Richmond, in Queensland. This is an area of high gold endowment, where several multi-million ounce gold deposits have been developed since systematic exploration commenced in the late 1970s.
The project covers six Exploration Permits for Minerals (EPMs) that span a 493 square kilometre area.
The Southern Star MLA is situated near the North Star Mining Lease 90238 which was granted in September 2017.
In addition to its largely-focused and prospective Big Vein South deposit, the North Star Mining Lease also includes the Tomi, Caledonia, Exeter, Sexton, Big Vein and Big Vein North.
Strategic Minerals shares remain flat and are trading for 46 cents each at market close.