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Northern Star Resources Ltd.
Summary
| Project: | Carbine | |
|---|---|---|
| Deposit: | Paradigm | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2016: Northern Star Resources Ltd. announces an Exploration/Drilling Update report for its Paradigm deposit at the Carbine project. Drilling results incl. 5.2m @ 156g/t Au from 92.2m. Northern Star Resources Limited (ASX: NST) is pleased to announce | |
| Resources: | (Resource, I+I): 7.234Mt @ 1.4g/t Au for 317000oz Au contained at Carbine | |
| CP/QP: | [Overall Report]: Nicholas Jolly (Internal) | |
| ABSTRACT: | Northern Star Resources Limited (ASX: NST) is pleased to announce more strong progress in its strategy to grow production to 600,000oz a year by 2018, this time with high-grade results at the Paradigm discovery near Kalgoorlie (see figure 1). The latest results extend the known high-grade mineralisation at Paradigm to 1km and the deposit trend remains open in all directions. The results highlight the strong potential for Paradigm and the adjacent Carbine deposit, both of which are 100 per cent-owned by Northern Star, to play an important role in the Company’s growth strategy. Recent exploration has delivered major advances in the geological understanding of this area. At Paradigm North, located 150m north of the existing Paradigm open pit, further RC and diamond drilling in the original discovery area has continued to intersect broad zones of very high grade gold mineralisation at the Treasure Chest zone (see figure 2). Within the Treasure Chest, gold mineralisation occurs in a north trending complex array of stacked quartz veins and quartz-sulphide stock work with exceptional gold grades. Drilling has defined high grade mineralisation over a strike length of 350m from near surface to approximately 250m vertical depth and remains open in all directions. Infill resource definition drilling of the Treasure Chest zone has commenced in preparation for an initial resource estimate for the project. Consideration of potential development options has commenced with preliminary metallurgical analysis indicating the mineralisation is free-milling. | |
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