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Great Northern Minerals (ASX:GNM) receives green light to begin drilling

Mining
ASX:GNM      MCAP $2.01M
04 June 2020 16:36 (AEST)

Great Northern Minerals (GNM) has been granted travel permits to begin drilling across the Camel Creek, Big Rush, and Golden Cup projects in North Queensland.

The gold miner is reviewing drilling contracts and expects to appoint an experienced drilling contractor in the next week.

Drilling is expected to begin in late July at the Camel Creek Project and will include reverse circulation drilling to build upon successful results from drilling conducted last year.

Specifically, the drilling program will follow up on several historic shallow intersections at Big Rush. The best historic intersection is 17 metres at 33.6g/t gold. Drilling will also follow up on a program completed late last year. Results include 44 metres at 4g/t gold, 20 metres at 3.2g/t gold and 27 metres at 2.7g/t gold.

The company believes there’s potential, particularly at Big Rush and Camel Creek, to outline and define a significant resource located between 30 and 200 metres.

Drilling will also assess the two million tonnes of previously mined material.

“The ability for the first time in many years to systematically assess three large under-explored high grade gold projects via deeper drill testing is a unique opportunity for GNM and we look forward to commencing the work,” Managing Director Cameron McLean said.

Selected samples from the planned program will be subject to metallurgical test work. This will aid in discussions for potential toll treatment of a high grade resource that historic drilling has indicated.

Company shares are steady and are trading for 1.2 cents each at market close.

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