St Barbara (ASX:SBM) has assembled 44 exploration targets within a 75km radius of its proposed 15-Mile Processing Hub in Nova Scotia, Canada, aiming to extend the project’s 11-year mine life.
The company has acquired a landholding covering 47,841 hectares along prospective anticlines in Nova Scotia for less than C$500,000 ($517,322) during recent market weakness.
Work programs planned for between May and September 2026 include reverse circulation drilling, regional surface sampling, and incorporating new geophysics data to review near-ready drill targets associated with deposit extensions.
The company plans to test six targets including Isaac’s Harbour, Lower Seal Harbour, Falcon, Patton, Dufferin West and Little Meander with up to 96 holes for approximately 3,250m of drilling in Q1 FY27.
CEO Andrew Strelein says the company has quietly built its exploration target pipeline while advancing the 15-Mile Processing Hub.
“While exploration sentiment was low in Nova Scotia, we have taken the opportunity to acquire and peg attractive targets within 75 kilometres around the 15-Mile Processing Hub Project,” Strelein says.
The company’s expanded Atlantic tenement holding includes one mining lease and 174 exploration licences covering 69,763 hectares across 4,309 claims.
The company has identified several brownfields exploration targets near existing mineral resources, including the Plenty down-plunge target which returned intercepts including 8m at 12.84 grams per tonne gold from 132m.
St Barbara’s Nova Scotia portfolio contains 56 active exploration targets across various stages from conceptual to feasibility level within the prospective Meguma Terrane gold district.
This content was created with AI assistance and human editing.
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Images: St Barbara
