GCM green critical minerals limited

From the announcement of 28th July 202;"The FCTZ (Footwall...

  1. 6,923 Posts.
    lightbulb Created with Sketch. 1675

    From the announcement of 28th July 202;

    "The FCTZ (Footwall Contact Target Shear Zone) together with associated silica-carbonate alteration and silicification was encountered in all six holes.

    The discovery of the deeper footwall alteration zone/s in all holes including minor visible gold in CM- 20-02 which is separate from the original FCTZ opened significant additional potential for gold mineralisation to be hosted at the Lorraine Mine (Ni-Cu) site.

    The visual success of Hole CM-20-06 (extensive shearing, silica-carbonate alteration, sulphide and quartz veining) approximately 200m at depth west of hole CM-20-04 (Figure 1) adds significant potential size to the Lorraine Gold Project".

    Note the references in the drill core comments to Epidote and Pyrite in the core.

    Hole 6 will be the first to report assays I expect as it was supplied to the lab first.

    Judging from the drill report though, it has a good chance of being a strong to exceptional result.

    Have been looking at Epidote references on corbettgeology.com

    Epidote references are included in the graphics for inner halo structure around porphyry intrusions so given we have chalcocite, pyrite and epidote in drill cores, I'm starting to get pretty interested.

    What I definitely don't understand though is how we can be a $10m market cap company?

    DYOR.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.3¢
Change
-0.002(8.00%)
Mkt cap ! $56.45M
Open High Low Value Volume
2.5¢ 2.6¢ 2.2¢ $1.263M 52.14M

Buyers (Bids)

No. Vol. Price($)
14 4459559 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 2838000 5
View Market Depth
Last trade - 16.10pm 19/06/2025 (20 minute delay) ?
GCM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.