Further Antimony Observed in Coonambula Drilling
| Stock | Great Divide Mining Ltd (GDM.ASX) |
|---|---|
| Release Time | 4 Dec 2025, 10:42 a.m. |
| Price Sensitive | Yes |
Further Antimony Observed in Coonambula Drilling
- Dart Mining's drilling at Coonambula has intersected visual stibnite (antimony) mineralisation across a 300m strike
- Highlights include 0.5m of solid stibnite from 37.9m in CBADD010 and 0.3m of massive stibnite from 139m in CBADD007
- Drilling results continue to demonstrate the potential for a high-value antimony-gold system at the historic Banshee Mine
Great Divide Mining Limited (ASX: GDM) is pleased to note the announcement by its Farm-In Joint Venture partner, Dart Mining NL (ASX: DTM), reporting excellent progress in its initial drilling phase at the Banshee Antimony-Gold Prospect, including highlighting visually mineralised intercepts in diamond drilling results from the Coonambula Antimony-Gold Project in Central Queensland. These visual intercepts of antimony mineralisation from the historic Banshee Mine area demonstrate the project's scale and potential. Dart Mining is continuing its initial drilling program at Coonambula using its in-house rig, designed to infill existing high-grade intersections and advance toward a JORC-compliant Antimony-Gold Resource. Further drilling results are expected in the coming months. GDM Managing Director Justin Haines said the results validated the Company's exploration model and timing of the Dart Mining farm-in. Under the Joint Venture Agreement with GDM, Dart Mining may earn up to a 51% interest in the Coonambula Project by completing defined drilling and reporting milestones over a two-year period. Dart has acquired an initial 15% interest and now has obligations to complete at least 4,000m of drilling and deliver two geological/resource reports to reach the 51% ownership.
Dart Mining will continue initial drilling to infill existing high-grade Sb-Au drill intersections at the historical Banshee Mine with the intent of working towards a JORC-compliant resource at the earliest opportunity. Drilling, interpretation and logging is ongoing, with early assessment of geology allowing quick adjustments to the drilling plan based on any changes in interpretation that may become apparent.