InvestSMART

Goldarc Resources Limited (ASX:GA8)

ALERT: Price-sensitive ASX Announcement for GA8
Current share price for GA8 : $0.049 -0.012 (-19.67%)+
Announcement
Release
17 Aug 2026 8:10AM
Price at Release
$0.061
Full Release
download
Summary
GoldArc Resources Limited announced the completion of the sixth and final round of grade control results from the Mt Stirling Well deposit. The results featured a notable intercept of 1 meter at 59.9 g/t Au, among other high-grade intercepts above 10 g/t Au, confirming consistent high-grade mineralization across the deposit. This program, entirely funded by BML Ventures Pty Ltd under a profit-sharing agreement, supports the systematic high-grade mineralized shoots model, aligning with the resource model predictions. The comprehensive drilling program at Mt Stirling has covered 28,785 meters, with further testing of soil gold anomalies scheduled. These findings provide a robust foundation for progressing mine planning in the Leonora North hub.
Key Points
  • Final round of grade control results from Mt Stirling Well.
  • Strong individual intercept: 1m @ 59.9 g/t Au.
  • Consistent high-grade mineralization confirmed.
  • Program funded by BML Ventures under profit-sharing.
  • 28,785 meters of drilling completed.
  • Further soil gold anomalies testing scheduled.
  • Supports systematic high-grade shoot model.
  • Foundation for mine planning progression.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.