Golden State Mining Completes Yule RC drilling, receives new tenement over September quarter
- Golden State Mining (GSM) releases its September quarterly report, highlighting the completion of reverse circulation (RC) drilling at Target 2A at its Yule project in WA
- All up, 10 holes were drilled to follow up on anomalous lithium-caesium-tantalum (LCT) pathfinder and gold intercepts
- During the quarter, the company was also granted a new exploration licence at its Payne’s Find project, where it completed initial field reconnaissance work
- Looking ahead, the company now plans to take on regional geochemical programs across its tenements in the December quarter alongside fresh drill program planning
- Golden State spent around $550,000 on operating activities over the quarter and ended September with $3.18 million in available funding, representing 5.8 quarters of use
- Company shares are up 5.88 per cent and trading at 3.6 cents at 2:18 pm AEDT
