Announcement Date: 2022-05-10
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: GBM Resources Ltd.
Project name: Twin Hills
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 49m @ 5.18g/t Au from 310m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: GBM Resources Limited (ASX: GBZ) (GBM or the Company) is very pleased to announce continued excellent results from the initial ~ 7,000 m diamond drill program at the Twin Hills Project 309 Deposit (Figure 1 and Appendix 1). Drilling is rapidly advancing with 12 of the planned 17 holes completed. A drill program of 14 holes for ~ 7,000 m at the nearby Lone Sister Deposit is also planned. More excellent results have been returned for the 309 Deposit drilling program (Table 1) and build on outstanding results of 162 m @ 2.65 g/t Au from 69 m including 16 m @ 13.49 g/t Au from 187 m in 309DD22001 and 79 m @ 1.09 g/t Au from 131 m including 7 m @ 4.41 g/t Au from 152 m in 309DD22002 (ASX: GBZ release 6 April 2022 and Table 2). Assay results from holes 309DD22003 and 005 have returned broad intervals of gold mineralisation with gram x metre (g*m) intersections of 164 and 254 g*m respectively. Drill hole 309DD22003 intersected 148 m @ 1.11 g/t Au and 5.14 g/t Ag from just 26m down hole highlighting the open pit mining potential of the 309 Deposit (Table 1) whilst 309DD22005 returned a peak result of 1m @ 129.39 g/t Au and 55.43 g/t Ag with visible gold from 327 m emphasizing the presence of high-grade mineralization.
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