Northern Star (ASX: NST) has discovered high-grade gold at the Belvedere Prospect, which is located 8 kilometres from the Paulsens Gold Mine.
Highlights from Belvedere include:
- 8 metres at 14.7 g/t gold and 47g/t silver, including 4 metres at 29.0 g/t gold and 91 g/t silver
- 9 metres at 8.7 g/t gold and 21g/t silver, including 5 metres at 12.4 g/t gold and 25 g/t silver
Results extend known Belvedere mineralisation 110 metres down plunge, highlighting the potential to grow the maiden 18,000 ounce resource significantly. Further drilling results pending.
Belvedere is located on the same 25 kilometre-long mineralised structure which hosts Paulsens Gold Mine, and this structure sits around 200 kilometres from Northern Star’s second ~1Moz deposit, Ashburton.
Northern Star controls vast majority of land between Ashburton and Paulsens, creating a highly prospective corridor with substantial deposits at both ends.
Northern Star is targeting both the 25 kilometre-long structure and the overall 200 kilometre corridor as part of $20 million exploration blitz in 2013.
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