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.
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