Star Minerals Limited (ASX: SMS) has further expanded its Tumblegum South gold project with positive new assay results from its Phase 2 definition drilling campaign in Western Australia.
The drilling that was undertaken in anticipation of fast-tracking its knowledge of the geology and grade characteristics of Tumblegum South.
Once again leveraging from its commercial relationships, Star Minerals was able to execute the planned drilling programme during May and submit its samples in a timely manner building on the results of its inaugural drill program completed in December 2021.
“We are very satisfied to have completed this Phase 2 Resource definition programme. The assays confirm our initial assessment of Tumblegum South, and further support our decision to progress with our efforts to define and develop this gold deposit,” CEO, Greg Almond, said.
“These assays and geological logging provide further information to support the existing Resource, and give us further untested potential targets.
“The results confirm the tonnage and grade information that we have for Tumblegum South, and will provide more information for an updated Resource model as we progress our strategy to develop, mine and monetise this asset.”
25 holes were completed for a total of 2,669m. Original plans were for 2,448m, with a number of holes extended during the course of drilling based on field geological logging.
Results of significance include:
2m @ 12.2 g/t Au from 97m depth on hole TGRC027, including 1m @ 22.7 g/t Au. o 2m @ 10g/t Au from 101m depth also on hole TGRC027, including 1m @ 18.5 g/t Au.
4m @ 8.23 g/t Au from 73m depth on hole TGRC028, including 1m @ 23.8 g/t Au.
4m @ 1.50 g/t Au from 139m depth also on hole TGRC028
3m @ 1.02 g/t Au from 167m depth also on hole TGRC028
3m @ 2.77 g/t Au from 47m depth on hole TGRC029
2m @ 1.39g/t Au from 85m depth also on hole TGRC029 o 6m @ 3.03 g/t Au from 98m depth on hole TGRC031
5m @ 2.12 g/t Au from 57m depth on hole TGRC032
4m @ 3.45 g/t Au from 151m depth on hole TGRC039
4m @ 16.8 g/t Au from 155m depth on hole TGRC042, including 1m @ 58 g/t Au.
Next Steps
The recent drilling, sampling and assay work from two phases of drilling shows that the Company is determined to execute on its announced strategy to immediately explore and develop the Tumblegum South asset.
This latest drilling and the accompanying assays provide more information on the geology and mineralisation of Tumblegum South, and gives the company confidence that the deposit is suitable for further work leading to a mining project study.
These results will also be used to inform further Resource work at Tumblegum – this work is currently underway, with initial work undertaken, and the remainder to be completed once all results are returned.
An independent update to the Resource model will follow at the completion of this work.
For further information please visit: https://www.starminerals.com.au
