Golden State Mining: Completes stage one AC drilling at Yule South

  • Golden State Mining (GSM) has completed aircore (AC) drilling over five gold targets at its Yule South project
  • The phase one AC drilling program, which included 199 holes for 13,275 metres, was completed on August 11
  • The company has now received the final assay results, which also includes work at Target 4 and follow-up drilling at Target 1
  • Target 1 has labelled as GSM’s main priority — here, the company is planning further drilling over the infusive contact zone
  • Now, Golden State is getting ready for phase two drilling, which will commence in the first week of October
  • On the market this morning, Golden State is down 1.96 per cent on the market this morning and is trading for 25 cents per share
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Revolut’s Storonsky Strengthens Residency in UK After Filing Error

CEO Nik Storonsky clarifies residency status following administrative mistake.Highlights: Nik Storonsky corrects residency status following a filing error.Revolut's...

PicPay Strengthens Position with $25 Billion Valuation in New York IPO

The Brazilian payments platform PicPay goes public, marking a significant milestone.Highlights: PicPay valued at $25 billion following its...

Long-Term DEI Efforts Strengthen Business Outcomes

Exploring how diversity, equity, and inclusion impact corporate success.Highlights: Diversity, equity, and inclusion (DEI) enhance employee engagement.Companies with...

EBAday Fintech Zone Winners Strengthen Industry Presence

Insights into past winners and their ongoing impact on fintech.Highlights: EBAday 2023 showcased multiple fintech innovations.Winners are expanding...