IP Survey Lights Up Banshee Trend at Coonambula
| Stock | Great Divide Mining Ltd (GDM.ASX) |
|---|---|
| Release Time | 25 Feb 2026, 9:43 a.m. |
| Price Sensitive | Yes |
IP Survey Lights Up Banshee Trend at Coonambula
- Banshee trend identified in IP survey as a subtle chargeability trend with an associated low resistivity zone
- Banshee trend extends east and west from the known mineralisation envelope, highlighting a strike growth potential of over 2km
- Eastern extension of the Banshee IP anomaly interpreted to extend towards the historical Lady Mary Antimony mine
Dart Mining NL (ASX:DTM), as farmee into the Coonambula Joint Venture and JV partner Great Divide Mining (ASX:GDM), have completed an Induced Polarisation (IP) geophysical survey over the Banshee mineralised zone at the Coonambula Antimony, Gold and Silver project near Eidsvold in Central Queensland. The IP survey was co-funded by the Queensland Government's Collaborative Exploration Initiative (CEI) round 9. The survey results have identified the Banshee trend as a subtle chargeability trend with an associated low resistivity zone. The Banshee trend is interpreted to extend east and west from the known mineralisation envelope, highlighting a strike growth potential of the prospect in excess of 2km. Of particular interest is the eastern extension of the Banshee IP anomaly, which is interpreted to extend towards the historical Lady Mary Antimony mine over 900m along strike to the east, highlighting the potential for both mines to be on the same mineralised trend. Additionally, an off-trend chargeability anomaly has been identified in the IP survey that coincides with an Au-Sb soil anomaly to the north of Banshee, which is yet to be drilled. Dart Mining's Chairman, James Chirnside, commented that the results from the IP survey are promising and highlight the prospectivity for further growth of the Banshee trend and the broader Coonambula Project. Dart Mining's immediate field activities will focus on progressing the farm-in exploration at the Coonambula Project, including completing the review of recent drill hole assays, reviewing the Coonambula drill hole programme in light of the IP results, and planning for a maiden Mineral Resource Estimate at the project.
Dart Mining and Great Divide Mining will prioritise further investigation of the newly identified chargeability anomalies to determine drill targets and continue to progress the farm-in exploration at the Coonambula Project.