The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Great Northern Minerals (GNM) has been given the go-ahead to commence drilling programs at the Camel Creek, Big Rush and Golden Cup projects in North Queensland
  • Drilling is expected to begin in late July at Camel Creek and will include reverse circulation drilling
  • The programs will follow up on historical drilling as well as a program conducted last year
  • GNM also hopes to define a significant resource and assess two million tonnes of previously mined material
  • Selected samples from the planned drilling will be metallurgically tested
  • Company shares are steady and are trading for 1.2 cents each

Great Northern Minerals (GNM) has been granted travel permits to begin drilling across the Camel Creek, Big Rush, and Golden Cup projects in North Queensland.

The gold miner is reviewing drilling contracts and expects to appoint an experienced drilling contractor in the next week.

Drilling is expected to begin in late July at the Camel Creek Project and will include reverse circulation drilling to build upon successful results from drilling conducted last year.

Specifically, the drilling program will follow up on several historic shallow intersections at Big Rush. The best historic intersection is 17 metres at 33.6g/t gold. Drilling will also follow up on a program completed late last year. Results include 44 metres at 4g/t gold, 20 metres at 3.2g/t gold and 27 metres at 2.7g/t gold.

The company believes there’s potential, particularly at Big Rush and Camel Creek, to outline and define a significant resource located between 30 and 200 metres.

Drilling will also assess the two million tonnes of previously mined material.

“The ability for the first time in many years to systematically assess three large under-explored high grade gold projects via deeper drill testing is a unique opportunity for GNM and we look forward to commencing the work,” Managing Director Cameron McLean said.

Selected samples from the planned program will be subject to metallurgical test work. This will aid in discussions for potential toll treatment of a high grade resource that historic drilling has indicated.

Company shares are steady and are trading for 1.2 cents each at market close.

GNM by the numbers
More From The Market Online

Sierra Rutile rejects takeover bid from PRM Services again

Sierra Rutile has urged its shareholders for a second time to reject a takeover offer from…

Terra Uranium picks up prime 15M-pound deposit in Canada

Terra Uranium has bolstered its Canadian portfolio by acquiring the Amer Lake deposit in Nunavut, which…
The Market Online Video

Lithium Universe locks in shipping port location for lithium spodumene imports

Lithium Universe (ASX:LU7) has locked in a maritime port through which it can receive shipments of…

AIC raises ore reserve estimates by 86% copper and gold at QLD’s Jericho

AIC Mines has updated its ore reserve estimate at the Jericho deposit in north Queensland showing…