Star Minerals acquires gold project in Merredin, Western Australia

Star Minerals has expanded its pipeline of golden maturation opportunities aft securing a caller 219km² exploration task adjacent Merredin successful Western Australia (WA).

This determination follows the granting of Exploration Licence E70/6810 and the lodgement of an further licence application, E70/6831, to widen its sum northwards.

The licences were secured done tenement applications astatine a comparatively debased cost.

The country is located astir 30km from the Edna May golden processing plant, which is presently successful attraction and maintenance.

Existing determination infrastructure including roads and railways are accessible from the licence area.

Star Minerals managing manager Ashley Jones said: "With mining nether mode astatine the Tumblegum South Gold Project and owed diligence continuing connected a scope of precocious task opportunities, we are pleased to person secured this caller task adjacent Merredin.

"Our archetypal reappraisal of the geology and geophysics has identified respective encouraging features that enactment the project's imaginable and supply a beardown ground for aboriginal exploration."

Geological mentation has identified a folded magnetic inclination extending implicit 14km wrong the tenement, on with aggregate structural features described arsenic prospective for golden mineralisation.

The Merredin Project lies wrong the metamorphosed borderline of the Yilgarn Craton, an country considered to big mafic-ultramafic and banded robust enactment (BIF) lithologies, stone types associated with known golden deposits successful WA.

Limited anterior drilling successful the country has confirmed the beingness of mafic granulite and BIF, though important sections are covered by heavy granitic sheetwash obscuring basement rocks.

Star Minerals stated that processing the Merredin Project supports its purpose to physique a portfolio of golden assets alongside mining astatine the Tumblegum South Gold Project.

The institution plans to unafraid onshore entree and stakeholder agreements, reappraisal historical exploration data, place imaginable exploration targets, and statesman reconnaissance and distant sensing arsenic adjacent steps for the project.

Star Minerals continues to measure further precocious golden projects for acquisition, aiming to support a pipeline of exploration and mining assets.

In November past year, the institution signed a right-to-mine statement with mining contractor MEGA Resources and Bain Global Resources for its Tumblegum South project.

"Star Minerals acquires golden task successful Merredin, Western Australia" was primitively created and published by Mining Technology, a GlobalData owned brand.