Northern Star highly-encouraged by Titan drilling

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THE DRILL SERGEANT: Northern Star Resources (ASX: NST) is confident drilling results from the recent Titan gold discovery at the company’s Paulsens project in Western Australia have highlighted its potential.

The latest results from Titan include:

–    1.4 metres at 14.2 grams per tonne gold from 488 metres;

–    0.7m at 41.6g/t gold from 352m; and

–    0.8 at 14g/t gold from 407m.

Northern Star said the vast majority of the drilling it has completed so far at Titan has contained large intersections of quartz up to 22m true-width, which the company considers to be important because all the known mineralisation at Paulsens is contained within the quartz host rock.

The latest drilling at Paulsens has also intersected more high-grade gold in the Voyager 1 and Voyager 2 lode.

 

Long section view (looking North) of significant drill results for Voyager 1 and 2. Source: Company announcement

 

Results from Voyager 1 include (uncut):

–    5.1m at 31.7g/t gold (true width 2.5m) from 413m;

–    1m at 37.5g/t gold (true width 0.9m) from 431m;

–    9.7m at 17.8g/t gold (true width 1.7m) from 430m;

–    4.5m at 15.2g/t gold (true width 3.5m) from 473m;

–    3m at 15.2g/t gold (true width 2m) from 430m;

–    2.5m at 10.2g/t gold (true width 2.52) from 447m; and

–    8.2m at 8.7g/t gold (true width 5.5m) from 429m;

Results from Voyager 2 include (uncut):

–    1.1m at 51.7g/t gold (true width 0.4m) from 417m;

–    1m at 39.9g/t gold (true width 0.6m) from 395m;

–    0.9m at 26.6g/t gold (true width 0.9m) from 431m;

–    2m at 13.6g/t gold (true width 1.1m) from 507m; and

–    4.7m at 8.7g/t gold (true width 4m) from 426m;

“These results provide more firm evidence of the continuity of the high-grade mineralisation, which in turn underpins the consistent production, low costs and strong cashflow enjoyed by Northern Star,” The company said in its ASX announcement.

“Ore development is now underway at Voyager 2 as part of the strategy to mine the Voyager lodes in parallel, providing scope for further cost savings.

“The next round of drilling at Titan will be underway shortly with a view to defining the extremities of the quartz rock and then will progress to narrowing down to find where the mineralisation sits inside the quartz.

“The Titan discovery has potential to add substantial value to Northern Star due to its strong grade and location just 100 metres from the existing Paulsens mine.”