GBZ 0.00% 0.7¢ gbm resources limited

I think it's worth paying particular attention to the standards...

  1. 1,962 Posts.
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    I think it's worth paying particular attention to the standards of disclosure GBM have displayed here:

    "Note: a very high grade intercept in Hole TRCD728 below (and in Appendix 3) was not included in Table 2 on the following page as GBM believes this intercept was drilled sub-parallel to a mineralised shoot. At a 1.0 g/t Au cut-off,158 m @ 34.6 g/t Au from 174 m incl. 15 m @ 359.5 g/t Au from 221 m at a 5.0 g/t Au cut-and incl. 2.0 m @ 2,545 g/t Au from 222m."

    SUB-PARALEL - along the ore shoot or down dip.

    “Drill intercepts where the holes are drilled parallel to the ore zone have been flagged in the intercept tables and have not been labelled on the figures within this release.”

    What follows at the bottom of the review is a detailed table flagging which of the previous drill holes they believe were drilled DOWN DIP and which have been MINED OUT.

    This is important for a few reasons - they are showing an improved understanding of the geology or geometry (for laymen - "WHICH WAY IS IT ALL GOING MATE??") and this differentiates them from prior operators some of whom found it a real head scratcher.

    By both showing a better understanding (or starting to show a better understanding) and by being TOTALLY transparent you can take the other statements they make much more seriously, for example:

    “Twin Hills is considered highly prospective for the discovery of additional mineralisation, with preliminary analysis suggesting high grade gold shoots at 309 and Lone Sister may be open at depth. GBM is set to prioritise drilling at Twin Hills to test these targets following completion of the TSA."

    “GBM has commenced evaluation of the previous drilling at Twin Hills reassessing the deposit geology and applying geological cut offs consistent with a bulk mining concept to the mineralised intervals. This approach has outlined very encouraging broad (down hole) intersections of bulk minable style gold mineralisation as well as high grade gold intersections that together define coherent bodies of gold mineralisation. Selected down hole gold intersections are presented in Table 2 (see Appendix 3 and 4 for a full list of down hole intersections). "

    "This transformational transaction represents a significant step in the execution of our 'processing halo' strategy to build over two million ounces under ownership within the Drummond Basin, providing an entry into the development of a genuine mid-tier Australian gold company.”

 
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