GA8 Announces Strong Gold Intercepts at Mt Stirling Well
Key points
- Fourth batch of grade control results from Mt Stirling Well shows strong gold intercepts
- Notable intercepts include 1m @ 31.0g/t Au
- Phase 1 of grade control program largely complete, advancing towards MDCP approval
Full summary
GoldArc Resources (ASX:GA8) has announced the fourth batch of grade control results from the Mt Stirling Well deposit, part of the Leonora North hub. The results include the strongest individual intercept to date of 1m @ 31.0 g/t Au from 15m, alongside multiple intercepts exceeding 6 g/t Au. These results support the presence of high-grade quartz-vein-hosted shoots across the deposit, consistent with the deposit's 2.3 g/t Au resource grade. Four successive batches of results have confirmed the systematic presence of high-grade mineralization at Mt Stirling Well, supporting its inclusion in broader Leonora North mine development planning. The 34,000m grade control program is fully funded by BML Ventures under a 50/50 net profit share arrangement, with GoldArc retaining 100% ownership of Mt Stirling and Mt Stirling Well.
Outlook
Subject to MDCP approval, GoldArc and BML Ventures anticipate mining will commence at Mt Stirling.
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