Northern Star drilling confirms Titan potential

THE DRILL SERGEANT: Northern Star Resources (ASX: NST) has achieved some impressive drilling results from the recent Titan gold discovery at the company’s Paulsens project in Western Australia.

Northern Star said the results have highlighted Titan’s potential to be a high-grade deposit.

Drilling results from Titan include (uncut):

0.2 metres at 687 grams per tonne gold from 488 metres;

0.4m at 103g/t gold from 436m;

3m at 12.6g/t gold from 380m;

2.4m at 8g/t gold from 396m; and

1m at 7.7g/t gold from 370m.

Northern Star is particularly keen on the Titan results due to its location – just 100m from Paulsens, which means it could be accessed from the existing underground mine.

The company has commissioned a third drilling rig at Titan with a view to further defining the extremities of the quartz rock.

The drilling will then seek to locate the mineralisation within the quartz.

Other drilling at Paulsens has extended the known mineralisation at the Voyager 1 lode by 150m down-plunge from the current resource.

 

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

 

According to Northern Star the high-grade mineralisation remains open at depth and will be included in future resource upgrades, potentially extending Paulsens’ mine life.

Results achieved from the Voyager 2 lode include grades up to 132g/t gold, which Northern Star claims continue to show the potential of this lode, which the company announced in May extends down-plunge by 200m.

This high-grade mineralisation, which remains open at depth, will be included in future resource estimates.

Ore development is underway at Voyager 2 as part of the company’s strategy to mine the Voyager lodes in parallel.

“The results from both Titan and the Voyager lodes all point to the ability to continue extending Paulsens’ life well beyond the current reserve and resource estimates,” Northern Star Resources managing director Bill Beament said in the company’s announcement to the Australian Securities Exchange.

“Drilling at Titan is still in its early days but we are extremely encouraged by the outstanding grades received so far.

“At the Voyager lodes, we continue to extend the limits of the known mineralisation with high-grade results.

“With a tight lid on our costs and drilling continuing to intersect new mineralisation, we have every reason to be confident about Northern Star’s production and financial outlook.”

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