Northern Star Resources (ASX: NST) has reported a further set of drilling results from Paulsens Gold Mine at depth in Western Australia which look likely to add additional gold resources and mine life.
High-grade results including 2.5 metres at 35.2 g/t gold from 568 metres; 2.8 metres at 23.0 g/t gold from 564 metres and 1.8 metres at 70.2 g/t gold from 627 metres are a bonanza for Northern Star. All resulting from an acquisition of Paulsens that more and more looks like one of the best gold acquisitions in recent years.
The Voyager 1 lode is currently the main ore source at Paulsens and has produced 100,000 ounces over the past 15 months.
These latest results from the Voyager 1 lode at Paulsens extend the main ore zone another 100 metres down plunge from the current resource model.
Voyager 2 results included: 1.6 metres at 15.6 g/t gold from 480 metres and 0.2 metres @ 88.4 g/t gold from 457 metres.
With 100,000 ounces mined from Voyager 1 so far, it is emerging as a source of production for at least another two years. With the potential of the Voyager 2 lode, there could be another five years added to mine life.