GBZ 0.00% 1.0¢ gbm resources limited

Ann: Drilling Underway at the Brightlands Copper , page-2

  1. 3,308 Posts.
    lightbulb Created with Sketch. 636
    re: Ann: Drilling Underway at the Brightlands... Drilling Underway at the Brightlands Copper Gold Project In
    North Queensland
    GBM Resources Limited (ASX code ?GBZ?) advises that exploration drilling
    commenced today at the Brightlands Project in the prospective Eastern Sequence of
    the Mount Isa Inlier in North West Queensland.
    Drilling will involve two rigs completing a series of RC and pre‐collared diamond
    holes to test a series of targets considered prospective for IOCG style mineralisation.
    A brief summary of the key targets previously reported is as follows;
     Tiger Prospect
    Deeper drill testing of the Tiger T1 target area where recent drilling
    encountered native copper and strong alteration of rocks in and adjacent to
    the T1 structural zone. These holes will be drilled in conjunction with follow
    up drilling of the T3 target after completion of down‐hole IP scheduled in mid
    April. The Tiger T3 IP anomaly remains unexplained by previous drill testing.
    Data from the IP survey previously confirmed a deep Target zone for sulphide
    hosted Cu mineralisation*.
    Soil sampling and mapping programmes over the significant SAM anomalies
    on Tiger T2 and T4 is scheduled to commence in tandem so they can be ready
    for drilling this quarter.
     Milo Prospect
    Initial drill testing of the extensive mineralising system previously defined by
    rock and soil sampling and historical drilling. Cultural heritage clearance by
    the traditional owners and site preparation are now complete. Previous
    drilling over thirty years ago has identified broad zones of copper
    mineralisation with no gold assays available for this area.

     Highway Prospect
    Scout drilling of the prospect where historical drilling returned copper
    mineralisation over significant intervals. Cultural Heritage clearance is
    complete and site preparation is in progress.
     Fine Gold Gully
    Scout drilling following soil and rock sampling of the prospect.
    The two rig programme, one diamond and one RC is to accelerate the drilling which
    is anticipated to involve at least 4000 metres of RC drilling and 2000 metres of
    diamond drilling. The programme is planned to be completed over the next eight
    weeks and assay results are expected to become available during and after program
    completion.
    Yours Sincerely,
    Peter Thompson
    Managing Director
 
watchlist Created with Sketch. Add GBZ (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
0.000(0.00%)
Mkt cap ! $11.56M
Open High Low Value Volume
1.0¢ 1.0¢ 1.0¢ $5.949K 594.9K

Buyers (Bids)

No. Vol. Price($)
6 1904353 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 13240 1
View Market Depth
Last trade - 15.09pm 21/06/2024 (20 minute delay) ?
GBZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.