- Great Northern Minerals (GNM) shares have dropped on the final results from a drilling program at its Big Rush Gold Project in Northern Queensland
- The program included four diamond holes and all results confirm gold mineralisation to a vertical depth of at least 200 metres
- The drilling program followed up on the previous reverse circulation drilling at the Central, Southern and Northern pits
- Now, aircore and RC drilling has commenced at Camel Creek to follow up on earlier results
- Following the findings, Great Northern Minerals dropped 23.5 per cent to trade at 1.3 cents per share
Great Northern Minerals (GNM) shares have dropped on the final results from a drilling program at its Big Rush Gold Project in Northern Queensland.
The diamond drilling program included four diamond holes for 1039.8 metres over a 200-metre strike, underneath the previously mined Central open pit.
All diamond assays have been returned from Big Rush and confirm gold mineralisation to a vertical dept of at least 200 metres.
Results include 3.05 metres at 4.23 g/t of gold, including 0.45 metres at 21.47 g/t of gold from 238 metres and 5.15 metres at 1.21 g/t of gold from 230 metres.
The recent campaign followed the previous reverse circulation (RC) drilling program in October at the Central, Southern and Northern pits.
“At Big Rush, we have already shown the strike over 2000 metres and all of this data is now being validated and compiled by CSA Global as we commence preliminary work on a JORC resource for Big Rush,” Managing Director Cameron McLean said.
“We have come a long way this year and the drilling programs completed have been comprehensive and the results are evidence that the company is on track,” he added.
Now, aircore and RC drilling has commenced at Camel Creek to follow up earlier results.
Following the findings, Great Northern Minerals dropped 23.5 per cent to trade at 1.3 cents per share.