GBM Resources (ASX:GBZ) - CEO & Managing Director, Peter Rohner
CEO & Managing Director, Peter Rohner
Source: Peter Rohner/LinkedIn
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  • GBM Resources (GBZ) unveils a new round of “excellent” results from a diamond drilling program at its flagship Twin Hills project in Queensland.
  • Drilling is progressing well, with 12 of the planned 17 holes drilled under the program, which is designed to confirm historical results and infill areas of lower drill density
  • GBM says the mineralisation remains open to the west and represents a priority target with the potential to expand the resources at the 309 Deposit
  • Further to its 309 Deposit drilling, GBM has planned a 14-hole drilling program at the nearby Lone Sister Deposit
  • Shares in GBM are down 7.07 per cent and are trading at 9.2 cents

GBM Resources (GBZ) has unveiled a new round of “excellent” results from a diamond drilling program at its flagship Twin Hills project in Queensland.

Drilling is progressing well, with 12 of the planned 17 holes drilled under the program, which is designed to confirm historical drill results and data as well as infill areas of lower drill density.

The best results come from hole 309DD22005 in the 309 Deposit which returned a peak of one metre at 129.39 grams per tonne (g/t) gold and 55.43g/t silver with visible gold from 327 metres.

Other results include a 49-metre hit at 5.18 g/t gold and 2.27 g/t silver from 310 metres, including two metres at 66.19 g/t gold and 29.2 g/t silver from 310 metres.

The mineralisation remains open to the west and represents a priority target with the potential to expand the resources at the 309 Deposit.

“Excellent assay results continue to be received for GBM’s first drill program at Twin Hills, with numerous high-grade intersections in the first five holes,” CEO and Managing Director Peter Rohner said.

“It is very pleasing to start to see significant high-grade intersections outside the existing resource model that remain open along strike.”

“This drilling provides clear evidence for GBM to expand the 309 Deposit resources again following this drill program. We look forward to providing additional drill results in the coming weeks.”

Further to its 309 Deposit exploration, GBM has planned a 14-hole drilling program at the nearby Lone Sister Deposit.

Shares in GBM were down 7.07 per cent and were trading at 9.2 cents at 10:44 am AEST.

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