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Gibb River Diamonds (ASX:GIB) - Executive Chairman, Jim Richards
Executive Chairman, Jim Richards
Source: jimrichards.com.au
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  • Gibb River Diamonds (GIB) has completed phase three drilling at its wholly owned Edjudina Gold Project in WA
  • Drilling began at the start of the month to further test the recently discovered Neta Lodes gold prospect
  • Significant gold mineralisation was found at the prospect in October last year, which led Gibb’s shares to triple in value
  • All samples from phase three drilling have been delivered for assaying and results will be reported as they’re received
  • Gibb is up 11.4 per cent and shares are trading at 7.8 cents

Gibb River Diamonds (GIB) has completed a phase three drilling program at its wholly owned Edjudina Gold Project in Western Australia.

The Edjudina Gold Project is situated 145 kilometres northeast of Kalgoorlie, in the heart of the Eastern Goldfields region.

The reverse circulation (RC) drilling program began at the start of this month and included 22 holes for 1921 metres.

Drilling aimed to further test the recently discovered Neta Lodes gold prospect and follow up on phase one and two aircore drilling.

In October last year, aircore drilling made a significant discovery at the Neta Lodes gold prospect which led Gibb’s share price to soar 267 per cent.

The company found mineralisation open to the north, south and at depth, including 36 metres at 3.97g/t of gold from four metres.

All samples from the recently completed RC drilling program have been delivered to a lab in Kalgoorlie for assaying, and results will be reported as they’re received.

Gibb is up 11.4 per cent and shares are trading at 7.8 cents at 11:00 am AEDT.

GIB by the numbers
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