Key Points:
• Rock chip sampling by GDM at New Goldfield has returned anomalous gold assays up to 3.2 g/t Au.
• 50% of samples returned anomalous gold >0.5 g/t Au.
• Further exploration work is required to assess the true potential of the New Goldfield area.
Great Divide Mining Ltd (the Company or GDM) (ASX:GDM), a new Queensland gold, antimony and critical metals explorer, has confirmed anomalous rock chip gold assays at the Company’s Cape Project within the New Goldfield tenement, EPM 26646.
Having just celebrated its first birthday as a listed stock, Gold mine developer Great Divide Mining has delivered itself, and its shareholders, the best of birthday presents possible, confirmed high grade test results.
“We’ve always believed in our brown-field site development strategy,” said Justin Haines, CEO, “There’s no ifs, buts or maybe’s, we know there’s gold there because it’s been mined on the site before.”
“This is the ultimate de-risking strategy for our investors,” he said, “It’s now more the question of how much of the resource was left behind when the site was de-camped, how easy is it to access, and how much can we extend the potential resource at strike length and at depth with modern exploration technologies?”
Sampling by rock chip at the New Goldfield location, a part of GDM’s Cape project, revealed over 50% of samples returned anomalous Gold at over 5 grams per tonne, right up to 3.2 g/t.
“We are in the early stages of our exploration at New Goldfield. These early indications of prospectivity for gold are highly encouraging. Results confirm our predictions that hard-rock gold mineralisation occurs at the New Goldfield area, adjacent to the widespread alluvial goldfields of the Palmer River,” said Justin.
“So Happy Birthday GDM & Happy Birthday GDM Shareholders !!!”
Media Contacts:Name: John KochanskiCompany: Great Divide Mining LtdEmail: [email protected]Phone: 0411831122Share:FacebookPinLinkedInEmailTweet
PRESS RELEASE: Gold at up to 3.2 gm per tonne reports Great Divide Mining
