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Great Northern’s diamond drilling confirms at-depth gold mineralisation  

8 February 2022
ASX: GNM
Jack Baker

Great Northern Minerals has boosted its upcoming mineral resource estimate following a stellar golden metre amongst high grades of gold-antimony mineralisation, completing the initial phase of forecasts for its Golden Ant project.  

Intercepts at the Golden Camel prospect, including 227m yielding 2m at 7.8g/t Au and 7m at 2.4 Au, highlighted the four holes delivering gold-silver-antimony mineralisation the double-digit strikes confirming the high-grade gold-silver-antimony Hinge Zone is open at depth.  

The company said the results from its critical mineral status project provided a significant value addition to the project’s economic fundamentals.   

“Antimony holds critical mineral status with both US and Australian governments and the shares of several critical mineral explorers’ boom with new government money flowing for a push to clean energy and electric vehicles,” chief executive and managing director Cameron McLean said.  

Drilling results, due in the March quarter, will inform planning on the next round of drilling at Camel Creek to target the high-grade Hinge Zone, which remains open at depth. 

GNM’s Australian Stock Exchange-listed price is trading at 0.6c (8:10 am UTC+8 hours) 

COMPANY OVERVIEW

Great Northern Minerals has secured three gold mines containing some very high-grade mineralisation. The mines have previously produced more than 150,000 oz at an average grade of 1.91g/t Au. The company is optimistic of meeting the exploration targets of nearly 600,000 ounces that have been defined at each of Golden Cup, Camel Creek and Big Rush of between 198,000 and 590,000 ounces of gold to be present within the top 100 vertical metres alone.

COMPANY INFORMATION

ASX: GNM

Website

https://www.greatnorthernminerals.com.au/
https://www2.asx.com.au/markets/company/gnm

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