Newly listed Star Minerals Limited (ASX: SMS) has mobilised to site and started the first phase of its drilling programme to expand the company’s knowledge of the geology and grade characteristics of its Tumblegum South gold project in Western Australia.
Star Minerals’ CEO, Greg Almond, said that assisted by staff from Bryah Resources Limited, the company has been able to rapidly mobilise to site within days of listing on the ASX.
“We are thrilled to be able to mobilise to site and grateful for the assistance from Bryah and Australian Vanadium Limited staff, and the Impact Drilling team,” Mr Almond said.
“The drillers were on the road almost as soon as the ASX bell was rung, which is a testament to the great efforts Star and Impact Drilling made to get everything ready to go.
“We believe our investors will be encouraged by this news, as it demonstrates our desire to hit the ground running at Tumblegum South and do what we stated we would – put the money in the ground and develop our gold asset.”
The company intends to immediately explore and develop Tumblegum South, with drilling activities commencing almost immediately after the official ASX listing on 27th October.
Mr Almond said the current work shows that the company is determined to follow up and remain committed to executing its strategy as laid out.
The company has engaged Impact Drilling to undertake this work, and Mr Almond said he has been greatly impressed with the fast mobilisation, high quality equipment and professional attitude shown by Impact.
Tumblegum South has an existing Inferred Resource estimate which totals 600kt, at a grade of 2.2 g/t Au. This work was undertaken by Bryah Resources Limited in January 2020.
Tumblegum South is located approximately 40km south of the town of Meekatharra in Western Australia.
The existing mining lease ML51/888 is directly along strike from the Tumblegum Pit which was mined by Dominion during the 1987–1992 Gabanintha Gold Mine Joint Venture. The company’s current focus is on gold, but there is also significant copper potential on the lease.
For further information please visit: https://www.starminerals.com.au/
