For thousands of other reports visit RSC's Mineral Intellingence Map
GBM Resources Ltd.
Summary
| Project: | Mount Coolon | |
|---|---|---|
| Deposit: | Koala | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: GBM Resources Ltd. announces an Exploration/Drilling Update report for its Koala deposit at the Mount Coolon project. Drilling results incl. 8m @ 22.5g/t Au from 19m. Australian Resources company GBM Resources Limited (ASX: GBZ) (“GBM” or “the | |
| Resources: | (Resource, Total): 6.514Mt @ 1.5g/t Au for 314700oz Au contained at Mt Coolon | |
| CP/QP: | [Overall Report]: Neil Norris (Internal) | |
| ABSTRACT: | Australian Resources company GBM Resources Limited (ASX: GBZ) (“GBM” or “the Company”) is pleased to advise that stage 2 assay results from the recently completed drilling program at the Koala Deposit have been received. Drilling was designed to provide additional geological data and sample material for a range of testing in the central deposit area which was operated as an underground gold mine during the 1930’s by Gold Mines of Australia Limited. In total, the program comprised 35 diamond drill-holes for 1,983 metres of drilling (refer ASX announcement 20 December 2016 for details of the Koala Stage 1 drill program). The second stage of drilling completed during the March Quarter comprised 9 holes for a total of 363 metres of diamond drilling. Of the 35 holes completed in stages 1 and 2, 23 holes returned significant intersections (greater than 1 metre down hole at greater than 0.5 g/t Au). Drill holes intersected mineralisation in a variety of settings including; both hanging and footwall to the stopes, stope pillars, stope fill and in parallel lode structures. Results from the 9 hole Stage 2 drilling program (hole numbers from KLDR0027 upwards) included 8 metres down hole averaging 22.5 g/t Au from 19 metres, including 2 metres averaging 85 g/t Au in KLRD0031. This intersection passed through a small pillar located adjacent to the main shaft (see longitudinal projection) and provides an insight into the nature of the high grade ore mined during the 1930’s and an indication of the potential of this mineralising system to yield very high grades. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report