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Northern Star Resources Ltd.
Summary
| Project: | Kanowna | |
|---|---|---|
| Deposit: | Kanowna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-2-2018: Northern Star Resources Ltd. announces an Exploration/Drilling Update report for its Kanowna deposit at the Kanowna project. Drilling results incl. 36m @ 21.7g/t Au from 20m. Northern Star Resources Limited (ASX: NST) is pleased to announce a s | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Mulroney (Internal) | |
| ABSTRACT: | Northern Star Resources Limited (ASX: NST) is pleased to announce a series of spectacular exploration results which show that it is set to establish a 10-year life at its 10Moz endowed Jundee Gold Project in WA. The results include new discoveries with huge potential and extensions to recent discoveries. Collectively, this outstanding exploration success points to a substantial increase in Jundee’s current 1.4Moz Reserve. In light of these results and their enormous potential, Northern Star has increased its total FY2018 exploration budget by A$10 million to A$45 million. This is aimed at accelerating the drilling programs which will enable the recent discoveries to be brought into the Reserve category. Northern Star Executive Chairman Bill Beament said the results would change the way the 10Moz gold endowed Jundee Gold Field was viewed. “With production of 7Moz over the past 22 years, Jundee has been an exceptional mine by any measure,” Mr Beament said. “But these results show the Jundee Gold Field is now emerging as one of the greatest gold fields in Australia. “The Zodiac discovery is a game-changer of enormous proportions. The 765gpt intersection from the seismic reflector at Zodiac is nothing short of spectacular, particularly when the huge potential along strike is considered, and we are yet to intersect the second reflector. “The 2.5km long Armada trend also continues to grow and we are extending the know mineralisation in a host of places in and around the mine. “At the same time, the regional potential of the Jundee Gold Field is becoming clearer with the Ramone discovery demonstrating the wider upside. “We are now very confident that we will grow Jundee’s 1.4Moz Reserve base significantly, adding years to its mine life. | |
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