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Golden State Mining Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Cue | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 2/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-2-2019: Golden State Mining Ltd. announces an Exploration/Drilling Update report for its Cue deposit at the Cue project. Drilling results incl. 7m @ 1.6g/t Au from 44m. Golden State Mining Limited (ASX: GSM, ‘Golden State’ or the ‘Company’) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Geoff Willetts (Internal) | |
| ABSTRACT: | Golden State Mining Limited (ASX: GSM, ‘Golden State’ or the ‘Company’) is pleased to report assay results from two deep diamond drill holes of the inaugural geophysical exploration target program at its Cue Gold Project as well as a shallow diamond hole at the Light of Asia mine. The diamond drilling program was designed to test geophysical seismic reflector targets and granitegreenstone contact zones. The drilling achieved both of these aims and returned multiple, gold anomalous alteration-structural deformation (18GSCRCD0002) and a large, strongly deformed granitegreenstone contact zone (18GSCRCD0001). Golden State’s Managing Director, Mike Moore, commented: “The key takeaway from this deeper drilling program is that we appear to have discovered a potentially large system of alteration which contains encouraging signs of gold mineralisation. Albeit early days, we have enhanced the understanding of controls on this mineralisation and we will now focus on the potential for new, quality gold targets at our 100% owned Cue Gold Project. These include down-dip positions of high-grade gold workings, our new high-grade drill intercept at Light of Asia North and exciting upside of anomalous gold intercepts in the geophysical target holes.” “Significant gold values recorded in the pre-collar of 18GSCRCD0002, along with the widths and intensity of alteration and structural deformation, plus anomalous gold zones are essential pathfinders for follow-up drill targeting.” “The next phase of drilling is currently being optimised based on the results of the first two holes and is expected to be underway in April”. | |
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