- Great Northern Minerals (GNM) has reported high-grade gold results from its Camel Creek in Northern Queensland
- The results are from the first batch of 24 drill holes from an ongoing drilling program
- Pleasingly, today's results show deeper and higher grade mineralisation which highlights Camel Creek as a potential substantial gold project
- Another 24 holes are now being drilled, with assay results due by the second week of June
- Great Northern's shares have jumped 75 per cent and is trading at 1.4 cents per share
Great Northern Minerals (GNM) has reported high-grade gold results at Camel Creek in Queensland.
The results are from the first batch of 24 drill holes from a major ongoing reverse circulation (RC) drilling program.
Results from the four-metre composites include 56 metres at 4.14g/t of gold from 152 including 20 metres at 10.87g/t gold and 40 metres at 2.31g/t of gold from 160 metres.
The results highlight Camel Creek to be a potential substantial gold project, as results show deeper and higher-grade mineralisation.
"This ongoing drill program has returned the best assay results ever seen at Camel Creek and highlights the excellent potential for the delineation of a substantial gold resource," Managing Director Cameron McLean said.
"The very high-grade results in the vicinity of the Hinge Zone target validates the previous work and targeting techniques adopted. Drilling is ongoing and further deep testing of the Camel Creek gold system testing over more than a kilometre
is expected to be complete by the end of May 2021," he added.
Currently, an additional 24 holes are being drilled, with assay results due by the second week of June. Great Northern believes this program will likely be extended.
Great Northern's shares have jumped 75 per cent and is trading at 1.4 cents per share at 10:45 am AEST.