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GBM Resources Ltd.
Summary
| Project: | Malmsbury | |
|---|---|---|
| Deposit: | Levan Star | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2019: GBM Resources Ltd. announces a Resource Estimation report for its Levan Star deposit at the Malmsbury project. Malmsbury Resource Upgraded to JORC 2012. GBM Resources Limited (ASX: GBZ) (GBM orthe Company) is pleased to announce that the Malmsbu | |
| Resources: | (Resource, Inf.): 0.82Mt @ 4.0g/t Au for 104Koz Au contained | |
| CP/QP: | [Resources]: Kerrin Allwood (Geomodelling Ltd.) | |
| ABSTRACT: | GBM Resources Limited (ASX: GBZ) (GBM orthe Company) is pleased to announce that the Malmsbury resource has been reviewed and upgraded to comply with requirements of the 2012 version of the JORC Code and current ASX guidance. The Malmsbury Gold Project is located within the Central Victorian Goldfields. The inferred resource remains unchanged at 820,000 tonnes at an average grade of 4.0 g/t Au containing 104,000 ounces of gold at a cut-off grade of 2.5 g/t Au. Details are contained within the JORC Table 1 attached to this release and summarised in the table 1 below. The Levan Star Lode is hosted by one of the multiple known gold bearing structures spread over a strike length of at least 2 kilometres in the contiguous historic Drummond North and Belltopper Hill Goldfields (see figure 1). These structures have been subject to extremely limited exploration. The Drummond North Goldfield (Queens Birthday/Egyptian/O’Conners Mines) yielded around 90,000 ounces from mining in the late 1800’s and to date has only been tested by one drill hole. | |
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