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Great Northern Minerals (ASX:GNM) - CEO, Cameron McLean - The Market Herald
CEO, Cameron McLean
Source: Dalby Herald
  • Great Northern Minerals (GNM) has received assays from the first 16 holes drilled at its Big Rush Gold Project in northern Queensland
  • The reverse circulation (RC) drilling included 22 holes for 3634 metres drilled over a 900-metre strike
  • Pleasingly, assays returned gold grading up to 10.57 and 18.97 grams per tonne
  • A further 21 aircore holes were drilled over nearby stockpiled material that was previously mined in the 1990s
  • Aircore drilling results are expected within the next two weeks and assays for the remaining six RC holes are also pending
  • The company has since entered a trading halt pending queries from the ASX and retractions
  • Shares last traded for 2.3 cents on Tuesday, September 15

Great Northern Minerals (GNM) has received results from the first 16 reverse circulation (RC) holes drilled at its Big Rush Gold Project in northern Queensland.

The program included a total of 22 RC holes for 3634 metres drilled over a 900-metre strike.

The results received are for the four metre composite samples. The original one metre samples collected have been submitted for final multi-element analysis. This analysis will allow the company to accurately define and record the intersections from the four metre composite results.

Best results include 24 metres at 3.90g/t gold including eight metres at 10.57g/t gold from 140 metres, 32 metres at 3.89g/t gold including four metres at 18.97g/t gold from 76 metres and 28 metres at 1.93g/t gold.

"This drill program has opened up the potential at Big Rush for the delineation of a large gold resource. Anomalous gold mineralisation is now documented to occur over at least one kilometre of strike and so far appears to continue at depth well into the primary ore zones," Managing Director Cameron McLean said.

While the current program has tested roughly one kilometres of strike, the total mineralised strike length at Big Rush extends over at least 2.3 kilometres.

A further 21 aircore holes, for 239 metres, were drilled over stockpiled material that lies alongside Big Rush and was previously mined in the 1990s.

Great Northern Minerals aimed to assess potential economic mineralisation in the stockpile which is estimated to contain around 900,000 tonnes of remaining material.

Results from aircore drilling are expected within two weeks and results for the remaining six RC holes are pending.

Since the announcement was released this morning, the company entered a trading halt pending queries from the ASX and retractions.

GNM's shares last traded for 2.3 cents on Tuesday, September 15.


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