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
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