St Barbara Accelerates Exploration in Nova Scotia
Key points
- Exploration targets prioritized for down-plunge at Old Austen Mine
- High-resolution UAV magnetic survey planned for October
- Drill program to test Old Austen Mine Down-Plunge Prospect in Q4 FY27 to Q1 FY28
Full summary
St Barbara Limited (ASX: SBM) is accelerating its exploration efforts in Nova Scotia, prioritizing the assessment of down-plunge potential below the Old Austen Mine Open Pit Ore Reserve and along strike at the Mill Shaft West Prospect. The company aims to drill test these targets in the Nova Scotia spring and summer of 2027. A high-resolution UAV magnetic survey covering 22 km2 around the Old Austen Mine will be completed in early October, followed by a comprehensive structural review in the second half of June FY27 to refine drill targets. Significant historical intercepts confirm the potential for further resource growth, with the Old Austen Mine Down-Plunge Prospect showing promising gold mineralization.
Outlook
St Barbara plans to accelerate exploration activities in Nova Scotia, focusing on down-plunge potential and along strike targets.
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