Join our daily newsletter At The Bell to receive exclusive market insights
- Great Northern Minerals (GNM) is up more than 22 per cent today after intersecting up to 81.68g/t gold from the Big Rush Gold Project
- Recent drilling at Big Rush consisted of 22 reverse circulations (RC) holes underneath the previously mined southern, central, and northern open pits
- The result of 81.68g/t gold is encouraging as it confirms the potential along the entire strike of the project
- The company is planning to follow-up the results with a diamond drilling program which is expected to begin shortly
- Great Northern is still up a healthy 22.2 per cent with shares trading for 2.2 cents each
Great Northern Minerals (GNM) is up more than 22 per cent today after intersecting up to 81.68g/t gold from the Big Rush Gold Project.
Big Rush is located in northern Queensland and consists of four previously mined open pits that produced 950,000 tonnes of gold and 33,000 tonnes of sulphide ore.
Recent drilling at Big Rush consisted of 22 reverse circulations (RC) holes underneath the previously mined southern, central, and northern open pits.
Best results include one metre at 81.68g/t gold from 144 metres, three metres at 21.73g/t gold from 77 metres, and two metres at 17.56g/t gold from 119 metres.
These results are encouraging as they confirm the potential along the entire strike length of Big Rush.
Great Northern is planning to follow-up these results with a diamond drilling program which is expected to begin shortly.
“The one metre results have confirmed the potential for very high grades to extend to significant vertical depth, particularly beneath the Central Pit,” Managing Director Cameron McLean commented.
“Results from underneath the Northern Pit are pointing to excellent further potential in this area and the planned deeper diamond drilling program which is about to commence is designed to test for extensions of the higher grade gold results,” he said.
“Anomalous gold mineralisation at Big Rush is now documented to occur over at least one kilometre of strike, with additional strike extensions apparent,” he added.
Great Northern is still up a healthy 22.2 per cent with shares trading for 2.2 cents each at 1:31 pm AEDT.
