Total
0
Shares
Great Northern Minerals (ASX:GNM) - CEO & Managing Director, Cameron McLean
CEO & Managing Director, Cameron McLean
Source: Great Northern Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Great Northern Minerals (GNM) receives one-metre results from its recent drilling program at the Camel Creek gold project in Queensland
  • Like the four-metre composites, the new results confirm the potential of the gold system at Camel Creek and that it continues at depth and along strike
  • Assays include 153.89g/t gold over one metre and 23.84g/t gold over three metres
  • GNM is now preparing to begin a diamond drilling program at Camel Creek to further validate the strike and depth extensions before it delivers a maiden mineral resource
  • Company shares are up 12.5 per cent to trade at 0.9 cents at market close.

Great Northern Minerals (GNM) has received one-metre composite results from its recent reverse circulation (RC) drilling program at the Camel Creek gold project in Queensland.

The company drilled 15 holes, for 3262 metres, with three of the holes drilled as diamond hole pre-collars.

Drilling aimed to follow up on previous significant results from the Hinge Zone beneath the Northern Pit area. The program gave the company a better insight into the nature and geometry of gold mineralisation within the project.

The one-metre result for CCRC86 included one metre at 105.46 grams of gold per tonne (g/t) from 127-128 metres which can be directly correlated with the downdip intersection in CCRC54 of three metres at 23.84g/t gold from 166-169 metres and further downdip again with one metre at 153.89g/t gold from 191-192 metres in CCRC50.

This very high-grade structure has now been confirmed over 100 metres of vertical downdip continuity.

GNM received the final batch of four-metre composite results last month but said the one-metre representative results provide additional support and clarity to the distribution of the high-grade results within the known Camel Creek gold system.

Managing Director Cameron McLean said the company has learned a lot about the extent of gold mineralisation at the project.

“We continue to be very encouraged by the results we are achieving at Camel Creek and are confirming this system that saw gold mined at surface continues at depth and along strike.”

Before the end of the month, Great Northern Minerals will begin a diamond drilling program at Camel Creek which will help validate and test strike and depth extensions and support the completion of an initial resource estimate for Camel Creek.

Company shares were up 12.5 per cent to trade at 0.9 cents at market close.

GNM by the numbers
More From The Market Herald
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
Vango Mining (ASX:VAN) - Executive Chairman, Bruce McInnes

" Vango Mining (ASX:VAN) unveils further gold intersections at Marymia

Vango Mining (VAN) has unveiled further gold intersections from an ongoing open-pit drilling campaign at its Marymia Gold Project in the mid-west region

" Pursuit Minerals (ASX:PUR) gets final assays from Phil’s Hill

Pursuit Minerals (PUR) has confirmed a silver sulphide mineralising system at its Phil’s Hill prospect in Western Australia following receipt of the final