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Great Divide Mining Ltd ( (AU:GDM) ) has shared an update.
Great Divide Mining Ltd has announced the commencement of drilling at the Coonambula Antimony-Gold Project, with Dart Mining NL beginning exploration at the Banshee Prospect. The initial drilling has shown promising results with significant stibnite mineralization, and further assays are expected in early November. This development marks a significant step in advancing the project, with plans to complete 2,000 meters of drilling by the end of 2025, potentially enhancing the company’s position in the gold exploration sector.
More about Great Divide Mining Ltd
Great Divide Mining Ltd (ASX:GDM) is an emerging gold producer and exploration company focused on the Coonambula Antimony-Gold Project in Southeast Queensland. The company is engaged in a joint venture with Dart Mining NL, allowing Dart Mining to earn up to 51% equity in the project upon completing specific drilling and reporting milestones.
Average Trading Volume: 37,381
Technical Sentiment Signal: Hold
See more data about GDM stock on TipRanks’ Stock Analysis page.