Northern Star Resources glitters with more gold; finds upto 184g/t at Voyager 1 lode


Northern Star Resources (ASX:NST) has hit further bonanza gold, returning high grade gold intersections of up to 184 grams per tonne 100 metres below previous known mineralisation at its Paulsens mine in Western Australia.

The intersection of 9.8 metres at 17.3 g/t which included 0.4 metres at 184g/t was made 100 metres vertically below the deepest mineralisation previously recorded at Paulsens’ key Voyager 1 lode.

The high grade find potentially indicates more resources and longer mine life as the results are from more than 200 metres below the current production levels.

Other significant intercepts from at or around the same depth include 10 m at 31.9 g/t; 12.8 metres at 25.4 g/t and 8.3 metres at 40.3 g/t, among others.

The results come close on the heels of the company announcing that it has generated results of up to 379 g/t from drilling within the Gabbro host rock, which straddles the 1 million ounce Paulsens orebody, and was previously thought to be unmineralised.

Significantly, in addition to both the Gabbro drilling and the latest deep drilling at the Voyager 1 lode, the company also recently registered a 156% increase in resources in the Upper Levels at Paulsens, taking it to 92,000 ounces at 10.2 g/t.

The upgrade come following a review of the shallow levels at Paulsens where large portions of the orebody were left unmined by previous owners due to their gold price hedging, mine scheduling and a lack of surplus funds for exploration and extensional drilling.

There is further upside potential waiting to be unlocked as some areas in the Upper Levels remain open along strike, offering scope for additional mineralisation which will further increase the resources.

The company could also add to the mine life by drilling at the Apollo Zone, which is on the northern side of the Northern Gabbro rock unit and is the only mineralised lode that has been mined outside of the Gabbro structure.

It has already produced 23,000 ounces at an average grade of 7.3g/t, while more recent exploration holes designed to test down plunge from the previously mined Apollo Zone intersected the quartz structure 200m down plunge with assays including 1.9m at 6.3g/t and 1.6m at 4.3g/t.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.


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