Golden State Mining (ASX:GSM) - Managing Director, Mike Moore - The Market HeraldManaging Director, Mike MooreSource: HotCopper
  • Gold and base metals exploration company Golden State Mining (GSM) has completed aircore (AC) drilling over five gold targets at its Yule South project
  • The phase one AC drilling program, which included 199 holes for 13,275 metres, was completed on August 11
  • The company has now received the final assay results, which includes work at Target 4 and follow-up drilling at Target 1
  • Target 1 has been labelled as GSM's main priority — here, the company is planning further drilling over the infusive contact zones
  • Now, Golden State is getting ready for phase two drilling, which will commence in the first week of October
  • On the market this morning, Golden State is down 1.96 per cent on the market this morning and is trading for 25 cents per share