Coolgardie Minerals begins stage two mining at its Geko gold mine in WA
The company plans to expand its footprint while striving to become a 100,000-ounce gold producer within three years.
Company
ASX:NST
Northern Star Resources Ltd (ASX:NST) is listed on the Australian Securities Exchange.
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The company plans to expand its footprint while striving to become a 100,000-ounce gold producer within three years.
The company will use $5 million raised in its IPO to support exploration of its WA gold projects.
The gold explorer’s projects are within the prolific Yandal Greenstone Belt of Western Australia.
The company's projects are within the Yandal Greenstone Belt, which continues to host new large-scale gold discoveries.
The 2018 drilling has added significant size to the Zackly copper-gold skarn mineralisation.
Investments and investor services
The company has a suite of gold projects in WA’s multi-million-ounce greenstone belts.
The company is well-funded to continue exploration with about $1.6 million in the bank.
Investments and investor services
The company has a suite of gold projects in WA’s multi-million-ounce greenstone belts.
The agreement with Northern Star Resources is for the sale of the first 100,000 ounces of oxide ore produced at Geko Gold Mine in the Goldfields.
The Erebor discovery indicates that the Little Gem project in British Columbia may host multiple deposits.
Presenters at this year’s Diggers and Dealers Mining Forum in Kalgoorlie in the Western Australian Goldfields looked at the question of growth, and whether to focus on acquiring new projects or explore to increase production.
A bevy of gold miners and developers will front Diggers audiences this week at the presenters’ podium.
The company produced a record 83,881 ounces of gold in the June quarter.
Nick Giorgetta says the annual event is unique as delegates can also tour working mines.
The first drill hole at the Little Gem prospect in Canada assayed up to 3% cobalt and 44 g/t gold.
High-grade mineralisation up to 10.55 g/t gold was intersected at the Coralie Jean prospect.
The drilling was designed to test the mineralisation with angled holes to depths of around 150 metres.
Infill drilling is targeting the oxide zone within the central area of the prospect.
The contracts with Northern Star Resources and Bluestone Mines Tasmania JV reflect increasing demand for drill rigs.
The project is located 25 kilometres east of Northern Star’s Jundee gold mine.