antimony

Awaiting news from Coonambula antimony/gold. Also nearby GNM antimony gold project subject to $3m earn in.

From prospectus
Coonambula Summary GDM’s Coonambula Project (CP) is an advanced exploration project that includes over 15 historic gold and antimony mines and workings. Several of the historic mines have been drilled by the Project Vendors with anomalous to ore-grade results received. GDM is proposing to rapidly develop a gold-antimony resource base at Hungry Hill while undertaking further drilling works to develop a gold resource at the Perseverance area.

Numerous historical antimony-gold mines and workings occur within the Hungry Hill area of the CP tenements. These mines and workings contain stibnite-gold bearing quartz vein mineralisation on east-west striking, sub-vertical structures within the Early Permian Granodiorites. Company Overview Page 48 The Hungry Hill Antimony workings include the Banshee, Banshee North and Lady Mary mines which were worked from 1876 to 1878 and sporadically throughout the 1900’s. Total production of antimony at Hungry Hill is unknown. The largest mine, Banshee, was closed in 1963 and re-opened briefly in 1983 producing 20 t of ore containing 4 t of antimony and minor gold. The Hungry Hill prospects are within EPM 16216 in the CP. During 2013, Queensland Ores completed a significant exploration program focussed on the Banshee Mine mineralised trend (see Figure 8 and Figure 9) including geochemical sampling, gravity and IP geophysical surveys, plus 12 shallow RC drill holes undertaken. The initial drilling results returned encouraging intersections of “oregrade” antimony-gold mineralisation at Banshee. A second drilling program was completed in 2014 to further test the Banshee gold-antimony mineralisation, and test the Banshee North workings 500 m to the north. The mineralised trend at Banshee is considered by GDM to be continuous 1 km to the east to the Lady Mary mine, and over 3 km to the west to the McConkey’s mine. The continuity of the mineralised trend has not been assessed by previous exploration.