- Golden State Mining (GSM) completes a 213-hole aircore drilling program at the Yule Project in WA’s Mallina Basin
- The program focused on 18 gold and lithium targets across the Yule North, Yule East and Yule South areas
- All samples from this program have been sent for analysis and Golden State expects to receive the first batch of results in late December
- Company shares are up 2.63 per cent to trade at 9.8 cents
Golden State Mining (GSM) has completed an aircore drilling program at the Yule Project in Western Australia’s Mallina Basin.
The 213-hole program covered 16,326 metres of ground across 18 target areas. Of these, two targets were drilled at Yule North, 10 at Yule East and the remaining six targets were drilled at Yule South.
Positively for the company, drilling recorded a wide range of rock types including interpreted altered and sheared metasedimentary types, metamorphic and mafic schists and intrusive bodies. As a result, selected holes will be analysed and subject to additional petrological studies.
“We are very pleased to have completed an extensive aircore drill program focusing on gold and lithium target areas at the Yule project in the highly prospective Mallina Basin,” Managing Director Michael Moore said.
“With over 700 square kilometres of tenements in this underexplored region of WA, our company continues to develop and refine further targets particularly in the exciting Yule East project area where a large granite pluton of the Split Rock Supersuite is interpreted to serve as a fertile source for lithium-caesium-tantalum pegmatite mineralisation in the Mallina Basin.”
All samples from this program have been sent for analysis and Golden State expects to receive the first batch of results in late December.
In the new year, the mining stock plans to undertake a lithium-focused, 1500-metre reverse circulation program at Yule, as well as follow-up drilling of both gold and lithium targets.
Company shares were up 2.63 per cent to trade at 9.8 cents at 12:23 pm AEDT.