Stockhead
What got you talking
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A new cohort of explorers have moved into the #Bryah Basin, using updated models and different exploration techniques to revisit untested targets and an extensive alteration footprint, writes Jessica Cummins. Solara Minerals GM Jennifer Neild believes the thesis driving this renewed interest marks a shift from the formulaic grid drilling that dominated 2009’s DeGrussa nearology rush, and Star Minerals (ASX: SMS) MD Ashley Jones says it's less about the quality of the ground and more about explorers being locked into fixed geological models and methods.
Star Minerals (ASX:SMS) raises $1.5 million in a placement to fuel drilling and mining at the Tumblegum South gold project in WA.
NT News
Star Minerals raises $1.5 million in a placement to fuel drilling and mining at the Tumblegum South gold project in WA.
Stockhead’s Tylah Tully looks at Star Minerals (ASX:SMS), which is set to raise $1.5 million in a strategic placement to fuel drilling and mining at the Tumblegum South gold project in Western Australia.
The funds are earmarked to drill the western extension gold target outside the proposed open pit and, crucially, to finalise approvals for mining – with first production targeted for early next year.
The Australian
If Solara represents the exploration play, Star Minerals exemplifies the near-term production strategy that could validate the basin's renewed gold credentials.
The company's Tumblegum South project, 40km south of Meekatharra on a granted mining lease, hosts a JORC resource of 616,000t at 2.28g/t gold for 45,000oz.
Recent drilling has delivered exceptional shallow, high-grade results including 5 metres at 30.91g/t gold (including 2m at 75.45g/t), 5m at 10.85g/t gold, and 8m at 6.96g/t gold.
Corporate Storytime
Tumblegum South Gold Project – Strong Shallow Gold Hits, Strategic BackingStar Minerals is moving rapidly to deliver shareholder value from the Tumblegum South Gold Project near Meekatharra, with outstanding drilling results reinforcing the potential for near-term production. Shallow, high-grade gold intercepts and step-out drilling have confirmed extensions to known lodes, while the Company has also strengthened its register with the entry of a strategic substantial holder who also provides Star Minerals with an opportunity to deliver high-margin and near-term gold production as a mining funder and partner.
The Daily Telegraph
Star Minerals continues to progress its Tumblegum South gold project in Western Australia after submitting a mining proposal.
The Courier Mail
Tylah Tully chats with Star Minerals (ASX:SMS) managing director Ashley Jones about the company’s progress at the Tumblegum South gold project in Western Australia.
Jones talks about Star’s recent submission of a mining proposal to the WA Department of Mines and what that means for advancing its flagship project.
He also unpacks why Tumblegum South stands as a “simple project”, and the advantages that brings for potential mining operations.
