Great Divide Mining drilling confirms broad shallow gold zones at Coonambula

An update from Great Divide Mining Ltd ( (AU:GDM) ) is now available.

Great Divide Mining reported that new diamond drilling results from the Banshee Prospect at the Coonambula Antimony–Gold Project in Queensland have confirmed broad, shallow gold mineralisation, including a key intercept of 4.9 metres at 5.27 grams per tonne gold from 21 metres. The assays complete the 2025 drilling program and suggest that historical reverse circulation drilling may have under-sampled key gold zones, highlighting the importance of systematic diamond drilling to improve geological understanding.

The company said the results point to an expanded mineralised envelope with gold occurring in alteration zones and, in places, with relatively low antimony and silver, indicating variability in mineralisation styles across the system. These outcomes support the economic potential of broad gold zones at shallow depth, progress Dart Mining’s earn-in obligations under the joint venture, and underpin next steps that include continued drilling, metallurgical testing, advanced geological modelling, and work towards a maiden JORC mineral resource estimate.

More about Great Divide Mining Ltd

Great Divide Mining Ltd is an Australian exploration company focused on gold and antimony, with interests in Queensland projects such as the Coonambula Antimony–Gold Project. The company participates in the Coonambula project through a farm-in joint venture with Dart Mining, aiming to advance mineral resource definition and build its position in the precious and specialty metals sector.

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