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Reckon Health Care Holdings Ltd ( (AU:GGR) ) has shared an announcement.
Golden Globe Resources has reported encouraging assay results from its Phase 1 diamond drilling program at the Dooloo Creek project in Queensland, with significant copper and gold mineralisation intersected at the Northern Gold and Eastern Breccia prospects. The drilling confirms the presence of a large intrusive breccia and skarn system linked to surface geochemistry and magnetics, strengthening the geological model for a sizable copper-gold system.
Key intersections include high-grade zones such as 1.0 metre at 2.74% copper and 2.6 grams per tonne gold at Northern Gold and multi-metre anomalous copper-gold intervals at Eastern Breccia, indicating mineralisation may increase at depth. These results, combined with strong historical sampling and geophysical anomalies, underpin plans for a follow-up diamond and reverse circulation drilling program in late Q3 and support a broader district-scale exploration strategy at Dooloo Creek.
Geological analysis of hole EB001 suggests the Eastern Breccia may represent a fully preserved vertical continuum of an intrusive breccia system, comparable to major Queensland gold deposits but with unique preservation of older volcanic rocks. The identification of high-temperature geochemical signatures including bismuth, molybdenum and tungsten reinforces the potential for more significant copper-gold mineralisation at depth, which could enhance Golden Globe’s exploration pipeline and project value if further drilling is successful.
More about Reckon Health Care Holdings Ltd
Golden Globe Resources Ltd is an Australian mineral exploration company focused on copper-gold projects in Queensland. The company is advancing the Dooloo Creek project, targeting breccia-hosted and skarn-style mineralisation using integrated geophysics, geochemistry and drilling to define district-scale opportunities.
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Technical Sentiment Signal: Strong Buy
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