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GSM - Golden State Mining

Discussion in 'Stocks 0-H' started by System, Sep 5, 2018.

  1. System

    System Administrator

    Likes Received:
    Jun 27, 2010
    Golden State Mining is a Perth-based mineral exploration company established with the purpose of exploring for gold and lithium mineralisation on a prospective package of mineral tenements in Western Australia.

    The Company's current projects are located at Cue – a premier gold mining district in the Murchison region – Yule in the Pilbara and Four Mile Well near Laverton in the Eastern Goldfields. The Company secured these projects due to their prospective geological settings within proven mineralised areas, and their lack of previous systematic and dedicated modern exploration despite their significant potential.

    The purpose of the IPO is to provide funds for the Company to undertake targeted exploration over the tenement portfolio along with general working capital. The Company's initial focus will be on the exploration of recognised priority gold targets identified within the Cue tenement area with prepared drill programs designed to target new discoveries of gold mineralisation. In conjunction, the Company will continue to evaluate its tenement portfolio at Yule and Four Mile Well to identify or upgrade priority targets for exploration.

    It is anticipated that GSM will list on the ASX during October 2018.


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