North Stawell Minerals delivers updated MRE for Wildwood Project, Victora

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
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.