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The latest update is out from North Stawell Minerals, Ltd. ( (AU:NSM) ).
North Stawell Minerals has reported encouraging diamond drilling results from its Darlington Project, about 6km north of Stawell, confirming that mineralisation continues at depth beneath a previously reported high‑grade intercept containing visible gold. New holes NSD059 and NSD060 intersected brecciated quartz-sulphide veins up to 100 metres below the earlier NSD057 hit of 2.3 metres at 29.2 g/t gold, with geological characteristics that closely resemble the high‑grade historic Mariners Lodes at Stawell. The mineralised structural trend remains open along an 850‑metre strike to the south, 200 metres to the north and at depth, supporting the company’s working model that Darlington may host Mariners‑style lodes within a broader Stawell Corridor where published resources are typically below 5 g/t gold. Management says the results strengthen the case for a potentially larger, coherent high‑grade system that could attract increased industry interest to the Darlington region, while providing multiple avenues for follow‑up work using geophysics, geochemistry and further drilling to define the controls on high‑grade mineralisation and expand the target along strike.
The most recent analyst rating on (AU:NSM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on North Stawell Minerals, Ltd. stock, see the AU:NSM Stock Forecast page.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd (ASX:NSM) is a gold exploration company focused on a 455 km² tenement package directly north of the operating Stawell Gold Mines in Victoria, Australia. The company targets repeats of Stawell’s multi‑million‑ounce gold system beneath a thin cover of unmineralised sediments, with current exploration centred on its priority Darlington and Wildwood prospects along the highly prospective Stawell Corridor and Browns Trend basalt margins.
Average Trading Volume: 76,162
Technical Sentiment Signal: Sell
Current Market Cap: A$11.57M
Learn more about NSM stock on TipRanks’ Stock Analysis page.