North Stawell Minerals has commenced one of the largest drilling programs of an ASX-listed junior explorer.
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Three rigs have been mobilised to begin 10,000 metres of a total 75,000m, two-year program at the Wildwood Prospect, near Glenorchy.
Two additional drill rigs are scheduled to mobilise to site and commence drilling in January 2021, to accelerate discovery.
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The initial 24/7 drill schedule is expected to continue until the end of March, with a short stop for Christmas.
A review of Wildwood historical drilling completed and best intervals from four historic holes show potential for shallow, high-grade gold, including 12.61g/t from one hole.
During the March quarter, NSM intends to be drilling concurrently on basalt domes across multiple permits.
NSM believes there is potential for the discovery of large gold mineralised systems under cover, using Stawell Gold Mine's Magdala orebody as an exploration model to test 51km of northerly strike extension of the Stawell Mineralised Corridor.
Of the 17 basalt domes present, the Wildwood Dome is the initial drill target.
While Wildwood is being drilled, NSM will be focusing on a 20km long belt of interpreted basalt along strike of the current resource area.
Priority target areas are the Trinity, Clontarf and Torquay Prospects, as well as a southern extension that NSM said it believes was missed in historical drilling.
North Stawell Minerals' chief executive Steven Tambanis said the company was excited to have drilling underway.
"The initial program is just a small portion of the 75,000 metres of drilling budgeted in the coming two years," Mr Tambanis said.
"The brownfield nature of the program combined with utilising the discovery template of the Magdala Dome leaves us highly optimistic of success in our initial drilling."
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