Northern Star Resources (ASX: NST) latest bonanza grade gold hits provide the very real potential of a resource upgrade at the Paulsens Gold Mine, therefore extending the production mine life.
Latest highlights outside of the recently upgraded Paulsens’ key Voyager 1 lode from around 650 metres deep include:
- 1.7 metres at 63.9 grams per tonne (g/t) gold;
- 1.3 metres at 52.2 g/t gold;
- 2.7 metres at 40.9 g/t gold;
- 4.0 metres at 26.7 g/t gold; and
- 2.0 metres at 22.6 g/t gold.
There has also been some more success at Voyager 2, with the intercept of; 1.6 metres at 31.8g/t gold from 525 metres.
There remains potential for some more high grade hits in the short term, with assays still pending for Voyager 1 and Voyager 2.
These latest results from Voyager 1 are highly significant because they extend the known strike length, providing the foundations for another boost to the 226,000 gold ounce resource.
The Voyager 2 lode has an exploration target of 100,000 to 250,000 gold ounces.
Bill Beament, managing director, said the latest results continue to provide strong evidence of the outstanding outlook for Paulsens.
"These high-grade results in the Voyager 1 lode are set to support an expansion of the recently released resource and mine plan.
"Combine these with the early drilling success of Voyager 2 and it is clear that Northern Star is set to maintain and grow its excellent production, cash flow and mine life."
Northern Star is closing in on being a tier 1 Australian gold mining company, with a current total resource base of 927,500 gold ounces, with the one million ounce resource milestone base within sight.
The company also recently added the Ashburton Gold Project in Western Australia to its portfolio of projects, which already has a new exploration program underway.