Highest Gold Grades Ever in Coonambula Drilling
| Stock | Great Divide Mining Ltd (GDM.ASX) |
|---|---|
| Release Time | 15 Dec 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Highest Gold Grades Ever in Coonambula Drilling
- Drilling at Banshee Antimony Mine within the Coonambula Antimony-Gold Project displays the highest gold grade ever recorded
- Drilling program continuing to infill existing high-grade intersections and advance toward a JORC-compliant Antimony-Gold Resource
- Emerging scale and quality of the Banshee system highlighted by the excellent results
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 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 initial drilling program is continuing at the historic Banshee Antimony Mine infilling existing high-grade intersections and advancing toward a JORC-compliant Antimony-Gold Resource. Further drilling results are expected in the coming months. GDM Managing Director Justin Haines said the continued excellent results underscores the emerging scale and quality of the Banshee system: 'These highest gold grades ever seen at Banshee highlight the technical and operational success of the drilling program at Coonambula and confirms what we have long believed - Coonambula has the geological architecture to host a large antimony-gold system.' Under the Joint Venture Agreement with GDM, Dart Mining may earn up to a 51% interest in the Coonambula Project, across its' six tenements, by completing defined drilling and reporting milestones over a two-year period.
Dart Mining and its JV partner, Great Divide Mining, will progress farm-in exploration at Coonambula including completing and interpreting IP Survey results, reporting diamond drilling assay results as they are received, continuing to drill and test the Banshee Antimony and Gold mineralisation trend, refining the drill plan based on results of IP Survey, and developing a 3D model and declaring a JORC resource at the earliest possible opportunity subject to drill results.