North Stawell Minerals (ASX:NSM) Announces Positive Drill Results at Darlington West
Exploration Results
North Stawell Minerals (ASX:NSM) reported positive outcomes from its recent drill program at Darlington West. Drill hole NSD058 returned multiple gold intercepts, including a 45m zone with 0.8m at 1.07 g/t Au, a 16m zone with 0.85m at 1.56 g/t Au, and 0.5m at 6.01 g/t Au. Another important result includes the intersection of high-grade visible gold at the Darlington target (2.3m at 29.2 g/t Au from 108.2m (NSD057). The basalt-contact mineralisation aligns with Stawell-type characteristics, enhancing the prospects for further discoveries within NSM’s tenement package.
Executive Comments
Executive Director Campbell Olsen stated, “NSD058 is an exciting result for NSM’s drilling program and for mineralisation potential within NSM’s tenements. Intersecting visually impressive mineralisation where modelled and supported by significant (>1g/t) gold grades within long runs of anomalous gold (<1g/t Au). This is a great result, with significant upside for future refinement of our programs and expansion targets.”
Future Outlook
The successful intercepts at Darlington West suggest that other modelled targets within the NSM tenement package are more likely to host gold mineralisation. NSM plans to design a program to assess the new mineralisation trend in the next quarter, with potential step-out drilling further south to demonstrate additional flank-style mineralisation.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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