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Golden State Mining: Renames target following final results from Yule South, WA

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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.

Golden State Mining Renames target following final results from Yule South, WA

  • Golden State Mining (GSM) renames Target 2A within its Yule South project in Western Australia to Nomad on the back of the final drilling results
  • The best interval from the company’s reverse circulation drilling program was six metres at 440 ppm caesium and 88ppm lithium, along with 5290 ppm arsenic from 103 metres
  • GSM says the results have increased its confidence in lithium caesium tantalum pegmatite hallmark indicators, boosting the exploration priority which culminated in the name change
  • Further RC and aircore drilling is planned and GSM has submitted a program of works for which it is awaiting statutory approval
  • GoldenState shares are up 8.3 per cent trading at 3.9 cents at 2:54 pm AEDT
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