North Stawell Minerals (ASX:NSM) Begins Diamond Drilling at Darlington
Drilling Commences at Darlington Project
North Stawell Minerals (ASX:NSM) has commenced diamond drilling at its Darlington Project, located in Victoria’s Stawell Gold Corridor. The program targets the down-plunge continuation of the historic Darlington Mine, aiming to intersect basalt at depth. A total of 2-3 holes are planned for approximately 600-900 meters of drilling. The initiative is fully funded following a capital raise completed in the second quarter of 2024.
Project Highlights
The Darlington Project lies just 6 kilometers north of the Stawell Gold Mine, which has produced over five million ounces of gold. Mineralisation is focused on the margins of basalt, similar to the multimillion-ounce ore deposit at Stawell. Identifying analogous controls at Darlington could significantly enhance exploration prospects. This drilling follows a three-hole program at Wildwood, with results to be released upon receipt.
Executive Comments
Executive Director Campbell Olsen stated, “We are excited to be drilling at Darlington – a shallow target that lies only 6km from the Stawell Gold Mine. We can see in geophysics that the basalt beneath Darlington may be the far-northern continuation of the basalt at Stawell, the current focus of Stawell Gold Mines’ mining operation. At Darlington, an altered and weakly mineralised basalt was intersected in the last hole of the 2023 drilling program, and we’ve been keen to get back here since to test if the Darlington surface mineralisation is the tip of a bigger Stawell-like gold system at depth.”
Motley Fool contributor Lianne Eastty 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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