NST 3.15% $13.84 northern star resources ltd

All we need now is for NST to hit a new gold patch with these...

  1. 540 Posts.
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    All we need now is for NST to hit a new gold patch with these kinds of drill results. smile.png


    Bryan Slusarchuk: “Well, it’s an amazing discovery that Rex and his team made,Eric. As you noted, we’ve been busy over the last few months getting ready for 2024 Q1 drilling in Papua New Guinea. We have amazing projects there, a 2,100 square kilometer land package,including 130 square kilometers contiguous with (bordering) K92’smine. So we are very excited to get started there.

    In the meantime, we have had these Victorian assets for some time and have been advancing them methodically on the ground. Our COO, one of the founders of the company, Rex Motton, has spent decades in Victoria, and he knows the geology of Victoria as well or better than anybody. And, Rex, based on all of this work that had been done, had a strong conviction that we had to test a project called the Comet Prospect at a precise juncture.

    Based on his knowledge of that world famous Fosterville deposit, he believed that X marked that spot for the precise point that if we were going to find another Fosterville, that was where it would be located. So he sinks this drill, the final one of 2023, and on that hole it intersected an incredibly high-grade cut of gold mineralization. It looks remarkably similar to what the Fosterville discoveries looked like several years ago. So we could not be more excited. This is one of the better discovery holes that has been drilled anywhere in the world this year.”

    Almost Identical To World Famous Fosterville Discovery
    Eric King: “I’m looking at this old press release from the Fosterville discovery, and it’s seven meters of 159 grams per tonne of gold. You guys just hit5 meters of 166 grams per tonne of gold, a little bit higher than Fosterville’s drill hole. So when you say there is a similarity,it’s almost identical.”

    Bryan Slusarchuk: “There are so many similarities to this discovery both geologically and structurally. Rex Motton pounded the table that this was the hole that we needed to drill at Comet because it mirrored the world famous Fosterville discovery. The geology is remarkably similar to the Fosterville Mine. And he drilled a hole right into that X marks the spot, and he made an amazing discovery. The ultra-high grades will jump out at people, but for people that know the geology of that region, what will also jump out is where structurally this discovery was made, and the big implications of that. And, Eric, because we are extremely well funded, we look forward to unleashing the drills in2024.” Great Pacific Gold, symbol GPAC in Canada and FSXLF in theUS.



    Last edited by elixer8: 22/12/23
 
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