- Star Minerals (SMS) Begins Phase Two Definition Drilling Program at Its Tumblegum South Gold Project in Western Australia
- The company mobilized a rig to the site and began drilling, with the goal of expanding the resource and learning about the geology and grade characteristics of the project.
- The second stage will involve 2,500 meters of drilling to better define and expand the current gold resources
- Star Minerals ends the day in gray trading at 21 cents
Star Minerals (SMS) has started a phase two definition drilling program on its Tumblegum South gold project in Western Australia.
The company mobilized to the site and began work on stage two resource definition drilling, with the goal of expanding the resources and learning about the geology and grade characteristics of the project.
The second stage will include 2,500 meters of drilling to better define and expand the current gold resources.
The move follows a 1994 meter first stage drilling campaign, which was undertaken by Impact Drilling. The contractors have now been rehired for the new stage of drilling.
Tumblegum South has an existing inferred resource estimate of 600,000 tonnes grading 2.2 grams of gold per tonne (g/t).
Star Minerals CEO Greg Almond said it was exciting to be back at the Tumblegum South site.
“We are delighted to once again have the Impact Drilling team to assist our staff,” Mr. Almond said.
“We believe our shareholders will be encouraged by this news as it demonstrates our confidence in the asset we have at Tumblegum South and the potential to increase our knowledge of the deposit as we follow the results of the first stage of drilling. .”
Star Minerals ended the day in the gray with shares trading at 21 cents.