GBM Resources Limited ( (AU:GBZ) ) has provided an announcement.
GBM Resources Limited announced the completion of a successful air core drilling program at the Mt Coolon Gold Project, in partnership with Newmont. The drilling revealed significant gold anomalism at several sites, including Kamlands, Karamello, and Glen Robbins, with assays ranging from 0.10 g/t to 0.51 g/t Au. These results extend the known mineralization in the area, enhancing the project’s potential and supporting further exploration activities planned by Newmont for 2025. The findings are expected to improve geological interpretation and targeting, potentially impacting the company’s operations and industry positioning positively.
More about GBM Resources Limited
GBM Resources Limited is a company involved in the exploration and development of mineral resources, focusing primarily on gold projects. The company is engaged in a joint venture with Newmont on the Mt Coolon Gold Project in Queensland, Australia.
Technical Sentiment Signal: Buy
Current Market Cap: A$10.54M
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