North Stawell Minerals Ltd (ASX:NSM) Begins 2025 Drilling Program
Drilling Program Details
North Stawell Minerals Ltd (ASX:NSM) has officially launched its 2025 diamond drilling program at the Wildwood Prospect in Victoria, Australia. The program will involve up to 1,500 metres of diamond drilling, targeting two priority locations along the Stawell Gold Corridor. This initiative aims to investigate areas with significant potential for hosting Stawell Mine-like gold mineralisation.
Target Areas
Drilling efforts will focus on an open, down-plunge target situated on the eastern flank of the Wildwood Basalt, along with additional holes aimed at infilling the Wildwood resource and exploring the Darlington Target. Both locations exhibit geological structures similar to those found at the operating Stawell Gold Mine, known for its substantial historic production.
Funding and Executive Insights
The drilling program is fully funded, following a successful $1.3 million capital raise in 2024. Executive Director Campbell Olsen expressed enthusiasm about the drilling commencement, stating, “We are excited to kick off the 2025 drilling program. The drill targets at Wildwood and Darlington have significant potential to deliver exciting upside to the exploration and resource potential of these priority targets.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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