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Star Minerals Limited (ASX:SMS)
ALERT: Price-sensitive ASX Announcement for SMS
Current share price for SMS : $0.039 -0.012 (-23.53%)+
Announcement
Release
21 Apr 2026 9:02AM
Price at Release
$0.051
Full Release
Summary
Star Minerals Limited has reported significant results from its extensional drilling program at the Tumblegum South Gold Project, conducted in early 2026. The drilling aimed to explore the western extent of the existing pit design, revealing promising gold mineralisation. Key intercepts included 4m at 12.72 g/t Au, with a standout inclusion of 1m at 46.70 g/t Au. The results confirm the potential for additional shallow, high-grade gold mineralisation, supporting plans to enhance mine planning and economics. Star Minerals is working to bring the project into production by early 2026, capitalizing on favorable gold prices.
Key Points
- Significant gold intercepts include 4m at 12.72 g/t Au and 1m at 46.70 g/t Au.
- The drilling program targeted the western extension of the pit design.
- Extensional drilling indicates potential for additional shallow, high-grade mineralisation.
- Project aims for production in early 2026, leveraging high gold prices.
- Star Minerals has agreements in place for mining and development funding.
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.
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