North Stawell Minerals (ASX:NSM) has delivered an updated Mineral Resource Estimate (MRE) of 1.55 million tonnes @ 2.4g/t Au for 87,300 ounces of gold (oz Au) for the Wildwood Project in Victoria, Australia.
The updated MRE includes 3 deposits occurring as plunging shoots in embayments on the margins of the 3.5km-long Wildwood Basalt, which is a similar structural control to the mine at Stawell.
“The updated mineral resource at Wildwood is a significant result for NSM, reinvigorating the deposit and its structural position as 1 of 5 priority targets for future work”
Commenting on the MRE, North Stawell Minerals Chief Executive Officer (CEO) Russell Krause says: “The updated mineral resource at Wildwood is a significant result for NSM, reinvigorating the deposit and its structural position as 1 of 5 priority targets for future work.”
Additionally, the CEO notes that the updated MRE forms a strong foundation for further work around the project to uncover additional mineralisation potential down-plunge and elsewhere on the Basalt dome.
North Stawell Minerals is a junior gold explorer based in the historic mining town of Stawell, Victoria. The company’s tenement portfolio has a ‘commanding’ position over the most gold-prospective geology undercover in Western Victoria.
North Stawell had about $3.65 million in cash at hand at the end of March 2023, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: North Stawell Gold Ltd