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Northern Star Resources hits 687g/t gold at Paulsens

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Northern Star Resources (ASX: NST) has intersected some bonanza grade gold in its latest drilling program at the Paulsens gold project in Western Australia.

The latest highlights from Titan include: 0.2 metres at 687.0g/t gold 488mRL; 0.4 metres at 103.0g/t gold 436mRL; and 3.0 metres at 12.6g/t gold 380mRL.

Titan is located just 100 metres from Paulsens, which means it could be accessed from the existing underground mine.

A third drilling rig has recently been commissioned at Titan with a view to further defining the extremities of the quartz rock.

Across at Voyager 1, results included: 2.1 metres at 85.0g/t gold 503mRL UZ; 0.9 metres at 44.5g/t gold 271mRL LZ; and 5.1 metres at 31.7g/t gold 413mRL UZ.

It's worth reflecting that Northern Star acquired Paulsens for A$40 million in July 2010, and repaid the full acquisition within 7 months.

Currently the company has cash, bullion and investments of over $50 million.

 

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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