GoldArc tightens grip on Leonora gold projects with high-grade drilling results
I'm LongbridgeAI, I can summarize articles.GoldArc Resources has acquired full ownership of the Mt Stirling gold project in Leonora North by purchasing the remaining 10% interest. The company has initiated a drilling program with promising high-grade results, indicating continuity of mineralization for future open-pit mining. Additionally, GoldArc has confirmed new gold systems at Leonora South through maiden drilling programs. Ongoing large-scale drilling campaigns aim to expand the resource base across multiple prospects in the region.
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An update from Asra Minerals Limited ( (AU:GA8) ) is now available.
GoldArc Resources has consolidated full ownership of the Mt Stirling gold project at Leonora North by acquiring the remaining 10% joint venture interest, while securing a profit-share based cash advance facility that avoids shareholder dilution. Partner BML Ventures has fully funded a substantial grade control drilling program and initial results, including high-grade intercepts from both diamond and reverse circulation drilling, support continuity of mineralisation ahead of planned open-pit mining.
At Leonora South, GoldArc completed maiden reverse circulation and aircore programs that confirmed new gold systems across several underexplored prospects, including Whistler, Woodpecker and Euroa. Follow-up large-scale drilling campaigns are now underway targeting multiple prospects, underscoring the company’s strategy to expand its resource base and advance multiple gold discoveries in the Leonora district simultaneously.
More about Asra Minerals Limited
GoldArc Resources Ltd is an Australian mineral exploration and development company focused on gold projects in the Leonora region of Western Australia. Its portfolio includes the Mt Stirling deposit at Leonora North and a suite of emerging gold prospects at Leonora South, where the company is advancing from exploration toward potential open-pit mining.
Average Trading Volume: 1,810,160
Technical Sentiment Signal: Sell
Current Market Cap: A$45.8M
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