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North Stawell Minerals Ltd (ASX:NSM)

ALERT: Price-sensitive ASX Announcement for NSM
Current share price for NSM : $0.021 -0.006 (-22.22%)+
Announcement
Release
5 Jun 2026 9:53AM
Price at Release
$0.027
Full Release
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Summary
North Stawell Minerals Ltd (NSM) has initiated a follow-up diamond drilling program at its Darlington Prospect in Victoria, Australia. The program, spanning 600-800 metres, aims to explore extensions beneath high-grade gold intersections from previous drilling campaigns. With significant results from past exploration, NSM focuses on the Darlington project within a gold-prospective corridor adjacent to the Stawell Gold Mine. The project is key for NSM’s exploration due to its high-grade, narrow-vein gold potential, with geology likened to the Mariners Lodes at Stawell. The drilling is set to test a shallow, mineralised zone parallel to historical trends, leveraging basalts for gold mineralisation.
Key Points
  • North Stawell Minerals Ltd (NSM) has commenced a follow-up diamond drilling program at the Darlington Prospect.
  • The drilling program is set between 600-800 metres and aims to test extensions beneath high-grade gold intersections.
  • Previous drilling campaigns have shown significant high-grade gold intersections.
  • The Darlington project is part of a 445 km2 package in a gold-prospective structural corridor north of the Stawell Gold Mines.
  • The current target at Darlington is a shallow mineralised gold zone parallel to the historic Darlington Mine trend.
  • Darlington is part of the NSM’s key exploration focus due to its high-grade, narrow-vein gold.
  • The geology at Darlington is interpreted to be similar to the historic Mariners Lodes at Stawell.
  • Basalts play a critical role in focusing gold mineralisation at the site, which is promising for future exploration.
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.