Gold and base metals exploration company Golden State Mining Limited (ASX:GSM) has announced the recent successful completion of its phase two air-core (AC) program at the Yule project situated in the Mallina Basin. The program was concluded ahead of schedule and under budget, bringing the total drilling at Yule in 2020 to 28,400m.
The drilling in phase two program was undertaken on four targets at Yule North and two targets on Yule South, with 196 drill holes drilled for 15,125m.
The Company anticipates the first assay results in late-November while further results are expected throughout December.
The results of the first two reconnaissance drill programs will form the basis for GSM’s targeting program to be undertaken in 2021.
On 20 November 2020 (AEDT 11:37 AM), GSM traded higher by more than 2 per cent to AUD 0.235.
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