The company has collated a regional exploration database in the Duketon Belt including more than 12,000 drill holes and 24,000 soil samples which has identified multiple drill-ready targets.
() is enhancing its exploration focus from Cox’s Find to an expanded Duketon Belt landholding which chief executive officer Sean Gregory says represents a “significant opportunity” for the company.
He said: “Whilst we still have more work to do to analyse the Cox’s Find results, the significant opportunity presented in our expanded Duketon package necessitates our immediate attention.
“Our Duketon Belt landholding has undergone a paradigm shift over the past year.
“We now hold an extended and highly prospective 459 square kilometres of tenure in the region.
“Our plan is to leverage the expertly curated and expansive regional exploration dataset we have acquired to target the next generation of major gold discoveries in the district.”
Tenements granted and footprint expanded
Less than one year ago, GSN’s land position in the Duketon Belt was limited to the Cox’s Find mining leases, totalling only 2.5 square kilometres in area.
This provided the company with an entry to the Duketon Belt and following the acquisition of E38/3518 in July 2020, GSN’s prospective tenure grew to 47 square kilometres.
The company’s most recent acquisition of an irrevocable and exclusive option to purchase three large exploration licenses now positions it as a serious player in the Duketon Belt with a total of 459 square kilometres of highly prospective ground.
This month, this land position has further solidified with the grant of E38/3518 and E38/3501, including the Golden Star Deposit.
Golden Star
Golden Star is along the same geological trend from the Rosemont Gold Mine and is 4 kilometres from the Ben Hur Deposit, around 25 kilometres south of Regis Resources Limited’s () Garden Well mine and processing facility.
The company was granted the Golden Star tenements earlier this month, where 2017-18 drilling showed to be over 600 metres of strike length of thick continuous zones of gold mineralisation with multiple plus 50-gram-metre gold intersections.
Gregory said: “Assessment of the new tenure has identified the Golden Star deposit as the first of these significant opportunities.
“We believe Golden Star has the potential to be bigger than the nearby Ben Hur deposit.
“With exploration tenements granted earlier this month and a Program of Work approved, we are now finalising the detailed plans for the next round of drilling at Golden Star and the surrounding targets.”
Cox’s Find drilling results
Twenty-three RC holes were drilled at Cox’s Find for a total of 3,375 metres in December 2020 and January 2021.
Recent Cox’s Find drill results have demonstrated that the mineralised lithological sequence continues along strike and down plunge including 8 metres at 1.1 g/t gold.
The company considers these results encouraging and that they indicate mineralisation corelates with the target horizon and that the thickness of the intercept may be indicative of a mineralised halo surrounding a nearby high-grade extension to the Cox’s Find orebody.
Further work is planned to identify the source of the mineralised halos and other targets which require follow up along strike to the north.
Plan view highlighting the large tenement application package under option and the highly prospective mineralised trends.
Duketon Belt drilling plans
The company has collated an expertly curated regional exploration database in the Duketon Belt including more than 12,000 drill holes and 24,000 soil samples which has identified multiple drill-ready targets.
GSN is also acquiring high-resolution aeromagnetic interpretations and the highly regarded Hallberg 1:25,000 scale geological maps around the Laverton district to assist with further drill target identification.
The company is reviewing the extensive historical database and planning systematic evaluation of the newly acquired tenements and prospects with the intent is to develop a strategic exploration pipeline with all levels of target generation.
First step in this pipeline will be aggressive drilling to expand the Golden Star deposit and test nearby targets with drilling fully permitted and planning underway.
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