Proactive Investors
Star Minerals Ltd (ASX:SMS) has begun initial reconnaissance drilling at the recently optioned Star of the East Project, seeking to identify gold mineralisation based on historical drilling and mining data.
Star Minerals Ltd (ASX:SMS) CEO Greg Almond chats with Proactive’s Andrew Scott about the third stage of resource definition drilling underway at Tumblegum South Gold Project in Western Australia.
Finance News Network
A snapshot of the stocks on the move featuring Lynas Rare Earths (ASX:LYC), Star Minerals Star Minerals (ASX:SMS) and Platina Resources (ASX:PGM).
Share Cafe
Star Minerals (ASX:SMS) today advised that it has received the assay results from its Phase 2 drilling campaign that was undertaken in anticipation of fast tracking its knowledge of the geology and grade characteristics of its Tumblegum South gold project.
Stockhead
SMS is now updating the 42,500oz resource at the WA-based project for a scoping study.
Assay results from phase-2 resource definition drilling confirm the continuation and extension of geology, as well as grade of course at Tumblegum South with hits including 4m at 16.8g/t gold, 3m at 14.74g/t gold, 4m at 8.23g/t gold, and 6m at 3.03g/t gold.
“The results confirm the tonnage and grade information that we have for Tumblegum South, and will provide more information for an updated resource model as we progress our strategy to develop, mine and monetise this asset,” said CEO Greg Almond.
Market Screener
Star Minerals Enters Option Deal to Acquire Historical Gold Mine
Star Minerals Ltd (ASX:SMS) is aiming to bolster its gold portfolio with a proposed new acquisition.
The explorer has inked an option agreement that puts it in line to pick up the ‘Star of the East’ gold camp, a precious metal deposit in WA’s Murchison region.
The Market Herald
Star Minerals (SMS) has completed its stage two resource definition drilling program at its Tumblegum South Gold Project in Western Australia.
“We are pleased to have successfully completed the recent phase of drilling at Tumblegum South and are eagerly awaiting assay results, with encouraging visibility in the drill samples obtained,” Star Minerals’ CEO Greg Almond.
