GNM.ASX: Mineral Resource of 480,000 Oz Au&11.5m Oz Ag at Iron Butte

Mineral Resource of 480,000 Oz Au&11.5m Oz Ag at Iron Butte

Stock	Great Northern Minerals Ltd (GNM.ASX)
Release Time	12 Jun 2026, 9:58 a.m.
Price Sensitive	Yes

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Great Northern Minerals Announces Maiden Mineral Resource at Iron Butte

Key Points

Maiden Inferred Mineral Resource of 480,000 oz gold and 11.5 million oz silver
Deposit located in Nevada's Battle Mountain-Cortez Mining District
Project remains open along strike and at depth with potential for future exploration success
GNM plans to commence maiden drilling program in Q3 CY2026
Company has $3.9 million in cash to fund exploration

Full Summary

Great Northern Minerals Limited (ASX:GNM) announced the completion of an Inferred gold and silver Mineral Resource estimate at the Iron Butte Gold-Silver Project in Nevada. The maiden Mineral Resource Estimate (MRE) includes 37,850,000 tonnes at 0.4 g/t Au and 6 g/t Ag for 480,000 ounces gold and 6.7 million ounces silver, along with an additional silver resource of 19,250,000 tonnes at 8 g/t silver for 4.8 million ounces silver. The deposit is located in a well-defined epithermal system with significant near-surface oxide material, similar to other operating gold-silver mines in Nevada. The deposit remains open along strike and at depth, with potential for future exploration success. GNM plans to commence a maiden drilling program in Q3 CY2026, with $3.9 million in cash available to fund exploration activities.

Outlook

GNM plans to expand the Mineral Resource through upcoming drilling campaigns, with potential for significant resource growth and future development.