GBM Resources Limited (AU:GBZ) has released an update.
GBM Resources Limited is set to initiate a reverse circulation drilling program at the Mount Margaret project in Queensland, with a focus on prospective Cu-Au and Zn-Pb-Ag mineralisation. The 15 drill holes will explore the potential of the Rhea Shear Zone, which has shown promising results from previous explorations and is located near the significant Ernest Henry mine. The drilling, which aims to uncover an undiscovered IOCG deposit, will begin mid-May 2024 as part of a joint venture with Nippon Mining of Australia.
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