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Northern Star up on gold hits at Paulsens

Shares in Northern Star Resources were higher after the company announced more encouraging news from its Paulsens gold project in the Pilbara.

The company said it had discovered high-grade gold mineralisation within the offset limb of the Voyager One lode.

"This mineralisation is outside the existing 65,000-ounce stage one mine plan…," the company said.

"As well as adding to future production and mine life, the results are considered extremely important because they highlight the significant potential to find additional gold in the many areas at Paulsens which have been exposed to little or no exploration and evaluation."

Northern Star said it believed the additional mineralisation had the potential to increase the stage one 65,000-ounce mine plan.

Northern Star managing director Bill Beament said the results continued to highlight the exploration potential at Paulsens.

"Any additions to the stage one mine plan will be royalty-free so significantly higher margins can be expected when this area is mined," he said.
Shares in the company were up two cents, or 5.71 per cent, to 37 cents at 11am after hitting an intraday peak of 38 cents.