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North Stawell Minerals Ltd (ASX:NSM)

ALERT: Price-sensitive ASX Announcement for NSM
Current share price for NSM : $0.021 0.001 (5%)+
Announcement
Release
2 Jul 2026 10:47AM
Price at Release
$0.020
Full Release
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Summary
North Stawell Minerals Ltd has announced significant progress in defining a gold footprint along a corridor north of the Stawell Gold Mine. The company reported defining an 800-meter gold trend at the Darlington prospect, which can potentially be extended further. Key findings include significant gold intersections at both the Darlington and Caledonia prospects, located a few kilometers north of the Stawell Gold Mine. These results indicate the potential existence of high-grade mineralisation within this trend, and the company plans to pursue further exploration. The findings are part of an ongoing effort to uncover concealed gold systems using the Stawell Gold Mine as an exploration model.
Key Points
  • North Stawell Minerals Ltd defined an 800m gold trend at Darlington which can be extended further south and down-dip.
  • Significant gold intersections (>1g/t Au) were identified at Darlington and Caledonia prospects.
  • The Darlington and Caledonia projects are located 6-8 km north of the Stawell Gold Mine.
  • Re-split assays confirm additional significant mineralisation north and south of prior high-grade intercepts.
  • The company is using the multi-million-ounce Stawell Gold Mine as an exploration model.
  • High-grade gold mineralisation potential within the Darlington-Caledonia trend.
  • The results suggest the possibility of a larger gold system in the area.
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.