GSM 0.00% 1.1¢ golden state mining limited

Good article from * this morning.The wheels are in...

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    Good article from * this morning.

    The wheels are in motion....traction in SP not far off.

    Who’s out in the Pilbara nowadays not making the same mistakes?

    There’s a few ASX-listed explorers finding their feet in the Pilbara, quite rightly on the heels of the excitement around De Grey’s massive Hemi deposit.

    Golden State Mining (ASX:GSM) is one of them, drilling for gold north just 12km north of Hemi.

    An 8,000m AC drill program is underway at its Yule project in order to dial in on prospective targets for a deeper look down hole to get a better idea of the gold mineralisation.

    The ~700km2 project area includes the Yule River Shear zone, which hosts a 9km gold-copper-arsenic bedrock anomaly outlined by previous exploration.

    * spoke to GSM MD Mike Moore to get his thoughts on gold exploration in the Pilbara and the company’s Yule project.

    Moore says historically, breaking ground cover to look for gold has been biggest initial hurdle to overcome, yet De Grey’s discovery of Hemi “really endorsed our view that our tenure is in a highly-prospective area for a major gold discovery”.

    “The skepticism about another significant gold discovery in the Pilbara will ultimately evaporate at some point, and our significant footprint around Hemi gives us every chance to become the next cab off the rank to discover a sizeable deposit.

    “The exploration isn’t as easy, but the prize is fantastic and we’ve drilled about 60,000m so far, so are optimistic about what we’re going to get out of our current program.

    “13km from a monster? We’d be mad not to look for gold here,” Moore says.

 
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