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Star Minerals Limited (ASX: SMS, “the Company” or “Star Minerals”) is pleased to advise that it has mobilised to site and commenced the Stage 3 Resource definition drilling program to expand the Resource and add to the Company’s knowledge of the geology and grade characteristics of its Tumblegum South gold project (“Tumblegum South”).
HIGHLIGHTS
- Star Minerals has commenced Stage 3 Resource definition drilling at its Tumblegum South gold project
- 300m drill program initiated to further define and expand on the current gold Resource, with accompanying logging and assays to allow for completion of geological model and Resource update
- Drill targeting intended to extend existing Resource after two successful drilling programs
- Existing Inferred Resource estimate for the project totals 600kt, at a grade of 2.2 g/t Au1
- Previous Stage 1 and 2 results include:
This follows the successful 1,994m Stage 1 and 2,669m Stage 2 drilling programs previously undertaken by Star Minerals which confirmed the existing mineralisation and extended the trends along strike and down dip of the existing resource.
This third drill program since its ASX listing on 27 October 2021 reiterates the Company’s continued commitment to immediately explore and develop Tumblegum South.
Stage 3 drilling has been designed to provide further information on the mineralised structures that are present in the area, to provide more structural information and to provide further data for an updated resource. This work has been designed with the benefit of the results from the earlier Stage 1 and 2 drilling.
The image below (Figure 1) shows the proposed drill traces, targeting the structures modelled using the results from previous works on site.
Figure 1 - Tumblegum South planned diamond Phase 3 Resource definition drilling - indicating the trace of the two proposed holes, DDH001 and 002, and their planned path, running between the two identified shear structures (Red and Yellow) and through the identified gold mineralisation lodes (Green).
Planned Phase 3 Resource drilling totals approximately 320m although as with the Stage 1 and Stage 2 drill programs, holes may be extended if they remain in mineralisation. It is envisaged the program will be completed in 12 days.Star Minerals’ CEO, Greg Almond comments:
“We are excited to be back on site at Tumblegum South and looking forward to following up the great results we saw from the last round of drilling, building on the success of our RC drilling campaigns.
This will encourage our shareholders, as it demonstrates our further confidence in the asset we have at Tumblegum South, and the potential to increase our knowledge of the deposit as we follow up from the results of the previous stages of drilling and modelling.”
Click here for the full ASX Release
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