Gold, lithium and base metals exploration company Golden State Mining (ASX: GSM) has three new gold target areas to test in its exploration activities across its 100% owned projects located in Western Australia.
“GSM commissioned RSC Consultants to complete a full independent review of all the Yule Project exploration data in October 2024. Pleasingly, RSC’s review has identified three areas where GSM needs to further concentrate its exploration efforts,” Managing Director, Michael Moore, said.
“The proximity and significant scale of the De Grey Hemi gold discovery with respect to the GSM tenements has been a driver of our commitment and focus to the Yule project.
“With just over ~595 sq. km of tenements in this highly prospective area of the Pilbara, GSM has positioned itself with a regionally significant gold exploration footprint and a substantial database of information from which to leverage our next stage of exploration efforts.
“The recently received results from our first exploration field trip to Canning Hill in order to obtain rock chip and soil samples to verify previous operators’ data has done just that. It is satisfying to note that at Target 2, we feel the alignment of our results with that of previous explorers has more than validated it as a priority drill target.
“We now await the results of further samples obtained on a recent follow-up field trip where we also accessed the Target 3 area in order to ensure we had a comprehensive understanding of all the potential drill target areas.
“Finally, we have submitted Program of Work applications for AC drilling at our Southern Cross East Project where we have previously defined a robust “gold in soil” anomaly supported by associated gold pathfinder elements which were defined in our previous soil survey campaigns.
“The anomaly's proximity to an interpreted major structure and fault splay does suggest the potential hallmarks of a buried gold mineralisation system. With no exploration previously conducted in this area, we feel the work that GSM has conducted so far more than justifies the execution of a targeted drill program over the soil anomaly area.”
