Golden State Mining (ASX:GSM) - Managing Director, Mike Moore - The Market HeraldManaging Director, Mike MooreSource: HotCopper
  • Golden State Mining (GSM) has uncovered strong gold and arsenic anomalies from Targets 2 and 3 at Yule South in WA
  • Phase one aircore (AC) drilling at Yule South has now been completed with results from Targets 1 and 5 having already been received
  • Results from Target 2 peaked at 135 parts per billion (ppb) gold, while Target 3 returned up to 147ppb gold
  • Furthermore, Target 2 also intersected more than 500 parts per million arsenic
  • Golden State is now waiting on results from Target 4, which are expected in mid-September
  • The company is also planning to undertake a phase two drilling program, which is scheduled to begin later this month
  • Golden State is down 9.68 per cent in early morning trade and shares are currently trading for 28 cents each