Golden State Mining has received key approvals for a targeted 1,000m air-core drilling program at its Southern Cross East project, aiming to test a robust gold-in-soil anomaly. Meanwhile, encouraging rock chip results from the Canning Hill Gold Project reinforce the company’s growing exploration momentum in Western Australia.
- Southern Cross East drill program approved with heritage survey completed
- 1,000m air-core drilling planned to test significant gold-in-soil anomaly
- Canning Hill assays confirm historic gold anomalies with up to 1.3g/t Au
- 4,000m air-core program planned at Yule Project targeting new RSC Consulting areas
- Cash position at $1.04 million with $0.187 million spent on exploration this quarter
Southern Cross East Drilling Set to Unlock New Gold Potential
Golden State Mining Limited (ASX: GSM) has taken a decisive step forward in its Western Australian gold exploration campaign with the approval of a 1,000-metre air-core drilling program at its Southern Cross East project. The program targets a robust gold-in-soil anomaly that has been bolstered by associated pathfinder elements and proximity to a major interpreted structural fault, suggesting a compelling buried gold mineralisation system.
The company completed a heritage survey with the Marlinyu Ghoorlie Native Title Claim Group in late March, clearing a critical regulatory hurdle ahead of drilling scheduled for late April 2025. This approval marks a significant milestone for GSM, which has identified Southern Cross East as a priority target area with minimal prior exploration, offering a fresh opportunity to delineate new gold resources.
Canning Hill Assays Validate Historical Anomalies
At the Canning Hill Gold Project, GSM’s recent geochemical reconnaissance has delivered promising results that validate historic anomalies. Rock chip sampling across three priority targets yielded notable gold grades, including a standout 1.3 grams per tonne (g/t) Au from a quartz vein sample (CHGR086) within Target 1. Additional samples from Target 2 recorded gold values up to 0.10 g/t Au, accompanied by elevated copper and arsenic, which are encouraging pathfinder elements.
While Target 3 did not return significant gold results, the company is currently reviewing all phase 1 and 2 geochemical data to assess the viability of follow-up drilling. These findings reinforce GSM’s methodical approach to consolidating historical data and refining drill targets to maximise exploration efficiency.
Yule Project Advances with New Target Areas
GSM is also progressing plans for a substantial 4,000-metre air-core drilling program at its Yule Project, guided by new target areas identified by RSC Consulting. A heritage survey request has been submitted to the Kariyarra Aboriginal Corporation, reflecting the company’s commitment to responsible exploration practices. The Yule Project’s location within the highly prospective Mallina Basin, adjacent to the De Grey Hemi gold discovery, positions GSM well to capitalise on emerging regional opportunities.
Financial Position and Strategic Outlook
As of the end of March 2025, Golden State Mining reported cash and cash equivalents of $1.04 million, with exploration expenditure for the quarter at $187,000. The company continues to review additional project opportunities within Western Australia, focusing on assets with strong technical merit and low sovereign risk. Managing Director Michael Moore emphasised the strategic value of GSM’s extensive tenement holdings and the robust database underpinning its exploration efforts.
While the company has yet to report drilling results from Southern Cross East, the groundwork laid through approvals and heritage clearances sets the stage for a potentially transformative exploration phase. The combination of methodical geochemical sampling, targeted drilling, and regional project reviews underscores GSM’s disciplined approach to unlocking value in the gold sector.
Bottom Line?
With drilling imminent at Southern Cross East and promising assays at Canning Hill, GSM’s next quarter will be pivotal in defining its gold exploration trajectory.
Questions in the middle?
- Will the Southern Cross East drilling confirm the presence of economically viable gold mineralisation?
- How will the geochemical data from Canning Hill influence the scale and timing of follow-up drilling?
- What new opportunities might emerge from GSM’s ongoing project reviews in Western Australia?