Announcement Date: 2022-10-10
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Gibb River Diamonds Ltd.
Project name: Edjudina
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m at 2.53g/t Au from 9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Gibb River Diamonds Limited’s (‘GIB’ or the ‘Company’) Edjudina Gold Project (GIB 100%) is well located in the heart of the Eastern Goldfields of WA. The Project’s, excellent logistics and proximity to an active haul road (to Northern Star’s Carosue Dam mill) both add to the potential for the development of gold discoveries at the project. GIB is pleased to announce results from the Phase 8 Aircore (AC) drilling program at the Edjudina Gold Project, which took place from 9 to 12 August 2022. A total of 42 holes were drilled for 1,485 metres, with no accidents or lost time incidents. A total of 540 samples were assayed as either one metre cyclone splits (172 samples), one metre spear samples (162 samples) or composite samples (206 samples), mainly 6 metre composites. Blank, duplicate, standard, and repeat samples were added as necessary to ensure data integrity for future resource calculations. Unusually long assay laboratory turnaround times have caused a significant delay to the reporting of these results and this issue continues to affect the wider gold exploration sector.
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