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Golden State Mining Ltd.
Summary
| Project: | Four Mile Well | |
|---|---|---|
| Deposit: | Four Mile Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-1-2020: Golden State Mining Ltd. announces an Exploration/Drilling Update report for its Four Mile Well deposit at the Four Mile Well project. Drilling results incl. 4m @ 114ppb Au from 40m. Golden State Mining Limited (ASX code: “GSM” or the “Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Geoff Willetts (Internal) | |
| ABSTRACT: | Golden State Mining Limited (ASX code: “GSM” or the “Company”) is pleased to provide an update on the Yule Project field exploration planning progress and the results of an Aircore (“AC”) program completed in December 2019 at the Four Mile Well project, located north of Laverton in the North-Eastern Goldfields region of Western Australia. The Company has recently completed the first recorded drill program at the Four Mile Well project. The program consisted of 58 AC drill holes (Figure 3) for a total advance of 1742 metres. This first pass reconnaissance drill program was designed to test multiple target areas including interpreted geochemical anomalies and structural targets identified from geophysical data. The best results were encountered to the east of the Lancefield mine sequence in the south-east of the project area. Three holes intersected anomalous gold intervals greater than 50ppb (Figure 3) in four-metre composite sample intervals. A table of results and drillhole details is provided in Appendix 1. The Company plans to collect one metre split samples from the anomalous composite AC samples and will prioritise forward field programs based on these results. | |
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