High-Grade Gold Strengthens GoldArc Production Path at Mt Stirling JV

Why It Matters

The assay hits validate Mt Stirling’s high‑grade potential and, combined with a cost‑free drilling model, de‑risk the path to a mine, boosting investor confidence in GoldArc’s growth trajectory.

Key Takeaways

• 10 m interval at 8.04 g/t Au, includes 2 m at 23.2 g/t
• 135 holes (3,670 m) completed in Mt Stirling drill program
• BML funds 100% of drilling; GoldArc retains 50% net profit
• Mt Stirling resource 137,000 oz Au; Stirling Well adds 15,000 oz
• GoldArc controls 1,200 km² near Leonora, targeting 200,000 oz total

Pulse Analysis

GoldArc Resources has just released a series of high‑grade assay results from its Mt Stirling joint‑venture in Western Australia. The flagship hole returned 10 metres at 8.04 grams per tonne gold, with a standout 2‑metre section grading 23.2 g/t, confirming the continuity of the mineralised shoot that underpins the 137,000‑ounce resource. Additional intercepts of 9 m at 6.32 g/t and 9 m at 5.01 g/t further reinforce the deposit’s potential to support a robust mine plan, moving the project closer to a definitive reserve estimate.

The partnership with BML Ventures gives GoldArc a capital‑light pathway to production. Under the 50‑50 joint‑venture, BML covers all drilling costs while GoldArc retains a 50 % net‑profit share, effectively removing upfront financing risk for the explorer. This structure allows GoldArc to allocate its own capital toward expanding its extensive 1,200 km² Leonora footprint, where it has already identified a combined 200,000‑ounce resource across the Leonora North and South projects. Investors view such risk‑mitigated models as a catalyst for shareholder value, especially in a market where funding is scarce.

Beyond Mt Stirling, GoldArc’s pipeline remains busy. The company has completed 135 holes (3,670 m) at the Stirling Well deposit and is awaiting results from a 6,500‑metre RC program at the Sapphire and Orion prospects, as well as air‑core work at Whistler. Recent drilling at the Eclipse prospect delivered 4 m at 9.43 g/t, indicating additional high‑grade targets. With over 75 km of under‑explored strike and a proven ability to generate early cash flow, GoldArc is positioned to scale its resource base and potentially transition to production within the next few years.