STAR MINERALS LIMITED Star Minerals Limited to advise that it has completed its Stage 2 Resource definition drilling program that was undertaken to expand the Resource and add to the Company's knowledge of the geology and grade characteristics of its Tumblegum South Gold Project, 40km south of Meekatharra in Western Australia. This drilling followed the successful 1,994m Stage 1 drilling campaign undertaken by Star Minerals which was very targeted in scope 2. As outlined by Star Minerals during its IPO stage and subsequent activities, the Company intends to explore and develop Tumblegum South Gold Project, with drilling activities having commenced almost immediately after the official ASX listing on 27 October 2021. The Company re-engaged Impact Drilling to undertake this drilling work and was again impressed by their service and professionalism.
The current work programs being undertaken demonstrates that the Company is determined to follow up and remain committed to executing its strategy as laid out. The Stage 2 drilling was designed to provide the Company with further information on the mineralized structures that are present in the area and was designed using the results from Stage 1 drilling. The planned drilling totaled 2,448m, and all holes were completed, with some holes extended as they remained in mineralization.
Final drilled meters were 2,669m. The program was completed in 12 days. The Tumblegum South Gold Project has an existing Inferred Resource estimate which totals 600kt, at a grade of 2.2 g/t Au.
This work was undertaken by Bryah Resources Limited in January 2020 3. Tumblegum South is located approximately 40km south of the town of Meekatharra in Western Australia. The existing mining lease ML51/888 is directly along strike from the Tumblegum Pit which was mined by Dominion during the 19871992 Gabanintha Gold Mine Joint Venture. The Company's current focus is on gold, but there is also significant copper potential on the lease.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
