Stockhead
Under the agreement, Star Minerals (ASX:SMS) can spend US$3.95m over three years (US$2.425m on exploration) to advance the project in addition to staged progress payments to Madison to earn 51% of the project.
Bulls N' Bears
Star Minerals has leapt at the chance to buy up to an 85 per cent stake in the Cobra uranium project in Namibia from Canadian-listed Madison Metals, in a strategic pivot into the heavy metal’s booming sector.
An update to the scoping study released in its quarterly yesterday has pegged SMS’ Tumblegum South gold project near Meekatharra, WA, to produce a shotgun single mining campaign producing 11,000oz to 15,900oz of gold.
Proactive Investors
Star Minerals Ltd (ASX:SMS) CEO Greg Almond tells Proactive about the broad and shallow high-grade gold struck during reconnaissance drilling at the recently optioned Star of the East Project in the Murchison region of Western Australia.
The one to watchStar Minerals justifies Star of the East assessment with shallow high-grade gold
CEO Greg Almond tells Proactive about the broad and shallow high-grade gold struck during reconnaissance drilling at the recently optioned Star of the East Project in the Murchison region of Western Australia.
Mining.com.au
Leveraging its commercial relationships, the company says it was able to quickly execute the planned drilling program consisting of 7 holes for 283m in September 2022 and submit its samples, with the results returned this month.
The Market Herald
Star Minerals (SMS) has returned high-grade gold assay results from its phase one drilling program at the Star of the East project in Western Australia.
The company received results from its reconnaissance gold drilling campaign, which aimed to test historical data.
Financial Post
Star Minerals Ltd (ASX:SMS) has struck broad shallow high-grade gold during reconnaissance drilling at the recently optioned Star of the East Project in the Murchison region of Western Australia, confirming the mineralisation in historical drilling and mining data.
Market Screener
Results from reconnaissance drilling include 8 meters at 14.2 grams per tonne of gold and 1 meter at 80.9 g/t of gold within a larger interval of 14 meters at 8.3 g/t of gold from 15 meters, according to a Tuesday news release.
Gold mineralisation was confirmed at “Star of The East” through assay results from Phase-1 drilling, designed to test historical data. The Phase-1 drilling assays include: 14m @ 8.3g/t Au, and 6m @ 4.95g/t Au.
