North Stawell Minerals, Ltd. ( (AU:NSM) ) just unveiled an announcement.
North Stawell Minerals Ltd has announced a significant find at its Darlington Project, where a diamond drill hole intersected a zone with visible gold outside the planned target area. This unexpected discovery, located in a siliceous stock-worked fault breccia, suggests potential for new mineralization zones and enhances the geological prospects of the Darlington target. The visible gold occurrence, although not a direct indicator of gold grade, indicates promising exploration potential. The company plans to release full assay results once laboratory analyses are completed, which could have implications for their exploration strategy and stakeholder interests.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd is a company operating in the gold mining industry, focusing on exploration and development of gold deposits. The company holds a 600 square kilometer contiguous package of land in the Stawell Gold Corridor, Victoria, Australia, which is known for its gold-prospective potential. Their current focus is on the Wildwood and Darlington projects, which have the potential to replicate the multi-million-ounce mineralization found at the nearby Stawell Gold Mines.
YTD Price Performance: 80.0%
Average Trading Volume: 413,421
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$9.82M
See more insights into NSM stock on TipRanks’ Stock Analysis page.