assay results - brightlands

RC?Pre‐Collar?Drilling?Return?Significant?Poly‐?Metallic??
IOCG?Mineralisation?at?Milo?Prospect,
??
Brightlands?Copper‐Gold?Project,
??
North‐West?Queensland???
?
Australian?resources?company?GBM?Resources?Limited?(ASX:GBZ)?(?GBM??or??the?Company?)?advises??that??two?of?its?four?Reverse?Circulation?(?RC)?pre?collar?drilling?have?returned?copper?mineralisation?over?broad?intervals?with?significant?results?for??cobalt,?molybdenum,?uranium?and?gold.
??
Significant?results?from?the?RC??pre‐collars?component?of?the?4?hole?diamond?program?include?27?metres?@?1.2%??and??9?metres??@?1.0%?copper?equivalent*1??(see?table?below).
?
?
These?initial?results?continue?to?support?that?the?Milo?Prospect?is?a?significant?breccia?hosted?poly‐metallic?Iron?Oxide?Copper?Gold?system?(IOCG).??All?diamond?tails?intersected?zones?of?sulphide?mineralisation.?Results?for?the?diamond?drilling??are?expected?next?month.
?
?
Logging,?sampling?and?interpretation?are?progressing,?however?conclusions?based?on?observations?to?date?from?the?current?drilling?include:
?
?

Zones?of?higher?grade?mineralisation?have?been?intersected.?True?widths?are?interpreted?to?be?approximately?85%?of?down?hole?widths.
?

Broad?zones?of?strong?sulphide?mineralisation?and?milled?breccia?persist?beyond?the?depths?and?strike?drilled?to?date.
?

Mineralisation?remains?poly‐metallic?with?significant?concentrations?of?Cu,?Co,?Au,?Ag,?Mo?and?U?consistently?observed?in?analyses.
?

The?Milo?IOCG?mineralising?system?remains?open?both?at?depth?and?along?strike.
?

To?date?GBM?has?only?drilled?10?holes,?mainly?into?the?central?350?metres?of?the?prospect?area,?with?mineralisation?defined?previously?by?soil?geochemistry?and?rock?sampling?extending?over?two?kilometres.
?