Special Report: Great Northern’s goal of developing a new...

Special Report: Great Northern’s goal of developing a new multi-million ounce gold camp in Queensland is off to a rousing start with very encouraging drill results at Camel Creek.

Top results from the initial 4m composite assays include 24m grading 3.26 grams per tonne (g/t) gold from a depth of 56m within a broader intersection of 52m at 1.9g/t gold, 20m at 2.26g/t gold from 76m and 12m at 4.07g/t gold from 108m.

Gold was encountered in every hole of the program, which Great Northern Minerals (ASX:GNM) managing director Cameron McLean says was the first modern deeper exploration ever undertaken at the Camel Creek project.

“GNM tested 700m of over 4km of mineralisation and the results are very encouraging, especially the continuity of the intercepts over the areas tested,” he added.

“As a result, we have a number of targets to follow up on.”

All three are shallow, open cut mines (12m to 30m deep) that were ‘in mineralisation’ when mining stopped.

The company is looking into the viability of processing 2 million tonnes of previously mined material on existing heap leach pads to deliver early cash flow, an objective that is supported by the presence of third-party toll treatment facilities within trucking distance at Thalanga, Charters Towers and Mt Garnet.

Shallow gold resources of 30,000oz and 47,000oz have already been established at the Golden Cup and Big Rush projects respectively.

However, the real prize is deeper.

Great Northern’s projects have strong, early stage geological analogies with the Fosterville mine in Victoria, a world-class deposit which was only unlocked in 2015 by deeper drilling.