The first of the follow-up (Phase 2) air core drilling programs has confirmed higher grade gold within the broad, gold-anomalous halo identified in previous, regional, AC programs.
Highlights:
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Shallow, gold has been identified in Phase 2 drilling at the Old Roo prospect, 30km along strike north of the Stawell Gold Mine:
- 2m @ 1.48 g/t Au from 25m in NSAC0380 – mineralised at end-of-hole.
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NSM’s first Phase 2 drilling (infill) has successfully upgraded a broad, low-grade gold anomaly identified beneath cover into a significant gold intercept for further appraisal – a highly encouraging result for continued success at the eight priority drilling anomalies identified in the previous drilling season.
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The Old Roo drilling focussed on a basalt embayment on the crest of a regional scale gravity anomaly, a similar structural setting to ‘Stawell-Type’ mineralisation.
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The program also confirms a 250m long gold-anomalous trend in the southern Old Roo prospect that remains open on a NE-SW strike and at depth.
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Old Roo is one of eight priority targets that will be the focus of Phase 2 infill drilling during the upcoming 2022-2023 drill season (starting November 2022). In addition, new regional targets identified over winter will be tested.
Victorian gold explorer North Stawell Minerals Ltd (ASX:NSM) (‘North Stawell’ or ‘the Company’) is pleased to provide an update on its exploration programs. The first infill air core program has intersect significant (1+ g/t Au) gold grades within contact, confirming that the broad low grade targets.
For more information, download the attached PDF.
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