Star Minerals (ASX:SMS) confirms rising Star of the East
November 15, 2022Star Minerals has confirmed 14 meters of gold at 8.3g/t from its reconnaissance gold drilling campaign at its Star of the East project in Western Australia’s historic Murchison Region.
The Company said the high-grade gold assay results, including an instance of 14.2g/t over 8m, confirm the interpretation of geology and broad, shallow gold intercepts at the project, which is under option.
Star of the East location, part of the Tumblegum South Project area.
“We are satisfied to have completed this first program and received these fantastic gold results. The assays confirm our initial assessment of Star of the East and further support our decision to sign the option agreement to gain access to this gold deposit,” CEO Greg Almond said.
“The assays and geological logging provide further information that confirms some of our theories around the historic mining and mineralisation at Star of the East and encourages our future works to identify more gold mineralisation at this landmark project.
“We are very pleased that this drilling shows gold mineralisation very close to the surface, only 9m down-hole in some cases, which provides plenty of encouragement to the Company as we continue working on this project.”
Price Action
The Company’s ASX-listed shares are 6.9c at Market Open.
Next Steps
Further drilling programs are planned once further data collection, analysis and review are completed.
Highlight Results
- 14m@ 8.3 g/t Au from 15m depth on hole SRC003, including 8m @ 14.2 g/t Au from 18m depth, and 1m@80.9g/tAu
- 6m @ 4.95 g/t Au from 9m depth on hole SRC007, including 1m @ 12.2 g/t Au o 6m @ 1.94 g/t Au from 7m depth on hole SRC005
- 4m @ 2.44 g/t Au from 16m depth on hole SRC006
About Star of the East Project
The Star of the East project has historic resources and production values, none of which are JORC- compliant. Note that the current work does not change the information or affect the previously described resource.
Star of the East is located approximately 40km south of the town of Meekatharra in Western Australia. The existing lease E51/1561 is located 2.5km to the west of ML51/888, which is the location of the Star Minerals Tumblegum South project.
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