- GBM Resources (GBZ) identifies potential new resources at its Twin Hills gold project in central Queensland
- The resources were found during a review of historical data and drilling from 2022 to identify exploration targets
- The Twin Hills Corridor, a 10 kilometre gold mineralised area, and the 309 and Lone Sister deposits are among the potential sources of the new findings
- GBZ plans to start drilling the new areas in the second half of 2023
- GBZ shares are down 2.94 per cent, trading at 3.3 cents at 4:40 pm AEST
GBM Resources (GBZ) has identified potential new resources at its Twin Hills gold project in central Queensland, which the company acquired in early 2022.
The resources were uncovered during a review of historical data and drilling from 2022 to identify key exploration targets.
The Twin Hills Corridor, a 10-kilometre gold mineralised area with many untested and under-tested targets, is among the potential sources of new findings.
GBZ identified significant geophysical, geochemical and geological targets south of the 309 deposit, including Coreshed and 309 South.
The company said the high-priority resource extension and near resource exploration targets at both the 309 and Lone Sister deposits also offer potential for “significant” new discoveries.
GBZ CEO Peter Rohner said the data defined “exciting targets” for increasing Drummond Basin Resources.
The Twin Hills Project is a large, under-explored tenement package with defined resources on a mining lease, amounting to around one million ounces of gold and 4.8 million ounces of silver.
GBZ plans to kick start drilling the new areas in the second half of 2023.
GBZ shares were down 2.94 per cent, trading at 3.3 cents at 4:40 pm AEST.