Highest Gold Grades Ever achieved have been reported from GDM’s Coonambula project.
Great Divide Mining Ltd (ASX:GDM) congratulated its’ JV partner Dart Mining NL (ASX:DTM) on outstanding new drilling results which displayed the highest gold grade ever recorded at the Banshee Antimony Mine within the Coonambula Antimony – Gold Project in Central Queensland.
The standout intercept was from diamond drill hole CBADD002 – 0.5m @ 18.30 g/t Au from 184.5m — confirming a high-grade gold zone positioned within broader antimony-rich mineralisation.
Multiple additional intervals, including 6.5m @ 5.16 g/t Au and 1.4m @ 2.00 g/t Au + 0.97% Sb, highlight continuity of the system down-dip and along strike.
GDM CEO Justin Haines said the results underscore the emerging scale and quality of the system.
“This is the strongest gold intercept ever recorded at Banshee – and it confirms what our team has long believed: Coonambula has the geological architecture to host a large, gold-rich system. These results give us enormous confidence as the JV continues to advance deeper and closer to the Banshee Pit,” he said.
“The breccia zone intersected at the base of CBADD002, more than 200m from the historic pit, is of particular significance, reinforcing a broader structural corridor capable of delivering both grade and scale,” Haines continued.
“The Coonambula JV continues to build momentum. Every dataset strengthens our view that this project can deliver meaningful value for GDM and DTM shareholders,” said Haines.
“Further drilling and assay results, the ongoing development of drill plans, IP survey interpretation and early 3D modelling will see Coonambula progress toward a maiden JORC resource,” he noted.
Further assays are expected in the coming months.
“Merry Christmas indeed!” smiles Haines.
For further information:
Justin Haines, CEO
e justin.haines@greatdividemining.com.au
m +61 (0)418 876 420
Great Divide Mining Ltd (ASX: GDM)
Great Divide Mining is an Australian Gold, Antimony and critical metals miner, explorer and developer with five projects across 17 tenements (including two in application). GDM’s focus is on operating producing assets within areas of historical mining and past exploration with nearby infrastructure, thus enabling rapid development. Through a staged exploration and development programme, GDM intends to generate cash flow from its initial projects to support further exploration across its portfolio of highly prospective tenements.
