Golden State Mining Limited provided an update on its exploration activities and the details of an air-core program completed at the Four Mile Well project near Laverton, Western Australia. The Company has completed a reconnaissance air-core drill program on its newly granted tenement at the Four Mile Well Project near Laverton in Western Australia. The program consisted of 27 holes for a total advance of 1,162 metres and was designed to assess concealed Archaean terrain and basement below historic and recent anomalous soil geochemistry responses.

Drill logging recorded a range of granitic lithologies including interpreted dioritic and porphyritic intrusive rocks with interpreted mafic-ultramafic greenstone lithologies which likely reflect magnetic signatures on the western side of the tenement. A total of 316 samples have been submitted for assay with result turn around expected mid-August. GSM has received notification of the successful grant of another exploration licence E59/2701 at its Payne's Find Project.

This tenement brings an additional 99.6km of ground holding with approximately 22km strike length along a potential VMS style target corridor on an interpreted granitoid/greenstone contact. GSM recently completed an initial field reconnaissance trip over its granted tenure in the northern and central parts of the project area. Activities included initial stakeholder consultation with supportive local pastoralists and establishing access to all parts of the ground holding.

Regolith assessment and geochemical sampling was completed in areas elevated for gold in historic laterite sampling. Initial reconnaissance suggests historic geochemical sampling methods may not have been effective. GSM is continuing its pursuit of a drill contractor for a focussed lithium and gold reverse circulation ("RC") program at Target 2 on its Yule South project.

All statutory approvals are in place which will ensure a rapid deployment when a suitable rig becomes available. Recent unseasonal rains have delayed regional programs in the area, thus limiting the availability of drill contractors working locally in an already competitive market.