Overview of Golden State Mining's exploration activities

Golden State Mining Limited (ASX: $GSM) has released an exploration update on its 100% owned projects in Western Australia. The company is actively progressing its exploration activities across various projects, including Yule (Au-Li) Project in Pilbara, Southern Cross East (Au) Project in Goldfields, Eucla (Cu-Au-Ni-REE) Project in Dundas, and Paynes Find (Li) Project in Murchison.

Executive commentary on exploration progress

Golden State Managing Director Michael Moore expressed excitement about the upcoming drill program, particularly focused on gold in the significant structural corridor north of De Grey Mining's Hemi gold deposit. He highlighted the company's extensive tenements in the highly prospective Mallina Basin in the Pilbara and emphasized the anticipation for the next phase of exploration work. Moore also discussed the recent focus on the Eucla project, where detailed analysis of drill core from a previous explorer revealed surprising gold intercepts and pathfinder elements, warranting further investigation. Additionally, he outlined the validation of previous geochemical work at the Southern Cross East project and the need for targeting work before commencing any drill campaigns. Moore also mentioned the company's lithium exploration progress, characterizing the lithium anomaly at the Nomad prospect and the need for further petrological work at Paynes Find to determine the exploration strategy.

Summary of exploration activities and future plans

Golden State Mining's exploration update highlights the company's focus on gold, lithium, and base metals across its Western Australia projects. The progress includes significant structural corridor confirmation at Yule East, validation of gold-in-soil anomaly at Southern Cross East, anomalous gold intercepts at Eucla, and preliminary mineralogical results at Paynes Find. Looking ahead, the company aims to commence further gold drilling at Yule and advance targeting work across its other gold and lithium-focused projects. The outlook emphasizes the company's commitment to ongoing exploration and the potential for future developments in its exploration strategy.