Northern Star drills Titan into the game

THE DRILL SERGEANT: Northern Star Resources (ASX: NST) has continued its good run with the drill bit having received drilling results from the Titan discovery.

Northern Star said the results have demonstrated Titan to be emerging as a healthy addition to the company’s Paulsens gold mine adding the recent intersections have demonstrated both the high-grade and the continuity of the mineralisation at Titan.

The consistency of the results it has achieved from Titan has Northern Star believing the deposit has potential to become an important part of Paulsens, particularly as it can be accessed from the company’s existing underground operations.

 

Long section view (looking North) of significant drill results
for Titan inside quartz lode outline. Source: Company announcement

 

“These are pivotal results because they demonstrate that there is every likelihood Titan will play a significant role at Paulsens, adding substantially to the gold inventory and mine life for a relatively small capital cost,” Northern Star managing director Bill Beament said in the company’s announcement to the Australian Securities Exchange.

“Drilling at Titan will continue so that we can establish a resource estimate and begin factoring the deposit into our development strategy at Paulsens.”

Northern Star explained that its previous drilling programs at Titan have focused on defining the parameters of the quartz as this is the rock which hosts all the known mineralisation at Paulsens.

This latest round of drilling is the first to have targeted the mineralisation within the quartz.

This means the results are of some significance as they demonstrate Titan shares a number of key characteristics with the Voyager 1 and Voyager 2 lodes which currently supply all the gold being produced at Paulsens.

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