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North Stawell Minerals Ltd (ASX:NSM)

ALERT: Price-sensitive ASX Announcement for NSM
Current share price for NSM : $0.020 -0.002 (-9.09%)+
Announcement
Release
30 Jun 2026 9:56AM
Price at Release
$0.022
Full Release
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Summary
North Stawell Minerals Ltd (NSM) has identified potential concealed gold targets at its Caledonia Prospect through a comprehensive geochemistry program. This program, which involved 412 multi-element surface samples, highlighted two possible target extensions, a northwest-trending continuation of known mineralisation and a north-trending target defined by strong arsenic anomalism. A notable 400m bismuth-tungsten anomaly, which has not yet been drill-tested, suggests potential high-grade gold mineralisation similar to NSM's Darlington West Prospect. The Caledonia Prospect is a priority target due to its location along the Darlington-Caledonia trend, an area considered to have significant gold potential due to its geologic similarities to the Stawell Mine. Ongoing exploration and technical reviews at the site are aimed at expanding understanding and confirming the presence of substantial gold deposits.
Key Points
  • 412 sample multi-element surface geochemistry program conducted.
  • Identified two possible mineralisation target extensions.
  • 400m bismuth-tungsten anomaly discovered but not yet drilled.
  • Caledonia Prospect is part of the Darlington-Caledonia trend.
  • Potential high-grade gold similar to Darlington West Prospect.
  • Caledonia is a priority target for NSM.
  • Ongoing exploration to expand and confirm gold potential.
  • Geologic similarities with Stawell Mine noted.
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.