GBZ 9.09% 1.0¢ gbm resources limited

interesting read on gbz in herald sun

  1. 392 Posts.
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    Only got an image & too long to type.

    Key points: (we know nearly all but great press)

    Not sitting on their hands. Up to $7m to be spent on drilling this year.

    Approximately 50 targets on its Brightlands Project with Milo the most advanced but only 10 holes drilled.

    Assays suggest a large breccia hosted iron oxide copper gold deposit with broad intersection of above 0.8 percent copper equivalent.

    Further drilling will aim to find the high grade "core" of the system which will give a handle on the size of the deposit which is so far open at depth & along the strike.

    They are also looking for some large scale copper deposits under deep cover with some partners with very deep pockets including Japanese giant Mitsui.

    Joh Beveridege has updated from a speculative buy to a buy based on a good chance it could find a company making deposit this year.
 
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