PR98736

PERTH, Australia, Nov. 10, 2022 /PRNewswire=KYODO JBN/ --

- Drilling delivered highly anomalous caesium, which is a pathfinder for

lithium pegmatites.

Leading lithium, gold, and base metals exploration company Golden State Mining

(ASX:GSM) has raised the profile of its Nomad prospect with the highly

encouraging drilling results at Yule South

(https://goldenstatemining.com.au/projects/yule/), Western Australia.

Reverse Circulation (RC) drilling of conceptual targets at Nomad, previously

named Target 2A, commenced in late July as a follow-up to the identification of

lithium and gold targets in air-core intercepts last year.

Last week, the drilling program successfully delivered

(https://wcsecure.weblink.com.au/pdf/GSM/02590755.pdf) highly anomalous caesium

– an encouraging and proximal pathfinder element for lithium pegmatites – at

significant grades as high as 6m at 440 ppm (parts per million).

The presence of pathfinder elements boosted Golden State's confidence in the

Nomad prospect, so much so that the company renamed it as a reflection of

increased priority.

Preferred mafic host rocks

Golden State Mining's 10-hole program at Nomad spanned 1478m and delivered

robust Li-Cs-Rb (Lithium-Caesium-Rubidium) anomalies with high levels of

associated arsenic. The discovery of arsenic as an accessory mineral is

considered highly, significant as it has also been documented at the giant

Greenbushes pegmatite mine in Western Australia, as well as at the Goulamina

deposit in Mali – both projects of global significance.

Initial drilling efforts at the Nomad prospect, that ended in August with two

abandoned holes recorded an eight-metre intersection at 21 parts per billion

(ppb) gold from 63 metres downhole, and three metres at 128 ppm lithium from 91

metres.

The best interval in subsequent drilling at Nomad was six metres at 440 ppm

(parts per million) caesium and 88 ppm lithium, along with 5290 ppm arsenic

from 103 metres in a structure consisting of ferruginous saprock interpreted to

represent oxidised micaceous fault gouge.

The company's bedrock and structural interpretation of the Yule South site have

also indicated the presence of preferred mafic host rocks, along with a major

antiform cross-cut by faulting and a refolded hinge zone.

The location of the hinge zone is similar to that seen proximate to major

lithium-cesium-tantalum pegmatites, including Wodgina and Mt Cattlin in Western

Australia and Tanco in Canada.

A vast and exciting project

Golden State's Managing Director, Michael Moore, commented: "The recent results

from the RC drilling have been subject to a significant level of scrutiny by

the company's own technical team in cooperation with our external consultants."

"The renaming of the Nomad prospect reflects a marked upgrade in priority,

which has narrowed Golden State's focus on the interpreted hallmark of a

pegmatite source in this prospect area. Each drill program at Yule delivers

increasing encouragement and understanding of a vast and exciting project with

battery metal and gold potential within a world-class jurisdiction."

The results increased the company's confidence in lithium, caesium, tantalum,

and pegmatite hallmark indicators. This boosts the exploration priority which

led to the change of name from Target 2A to Nomad. Further reverse circulation

and air-core drilling are planned at Nomad.

Payne's Find

Exploration activities are ongoing at another of Golden State's lithium

projects – Payne's Find – with soil sampling and rock chipping currently

underway. This work is part of an initial geochemical strategy to narrow down

suitable targets for drill testing early in 2023.

About Golden State Mining

Incorporated in Western Australia in 2017 and headquartered in West Perth,

Golden State Mining (ASX:GSM) is leading the charge to explore WA's geological

frontiers, by employing and engaging the best people to challenge conventions.

The company has other projects such as the Four Mile Well Project in a

world-class area with numerous gold and nickel deposits, as well as other

'greenfields' pipeline projects. They include various tenement application

packages in regional Western Australia with a multi-commodity focus reflecting

increasing demand in the evolving commodity market.

Website: https://goldenstatemining.com.au

Twitter: https://twitter.com/MiningState

Instagram: https://www.instagram.com/golden_state_mining

YouTube: https://www.youtube.com/channel/UCZqsArpFxTyv7eWC8VvGr6Q

Source:Golden State Mining Limited