Great Northern Minerals Secures Nevada Gold-Silver Project with Strong Resource Upside

Great Northern Minerals Limited ( (AU:GNM) ) has provided an update.

Great Northern Minerals has signed a binding exploration lease and option agreement to acquire 100% of the Iron Butte gold-silver project in Nevada’s Battle Mountain-Cortez district, a premier U.S. mining belt. The epithermal deposit shows a 500m by 300m mineralised footprint from surface to about 200m depth, with wide oxide gold-silver intercepts from 148 historical drill holes and indications of Carlin-style high-grade potential at depth.

The company is compiling historical data to deliver a maiden Inferred JORC-compliant mineral resource in the near term and plans exploration and infill drilling in Q3 2026 to grow the resource. Backed by a $4.2 million cash position after a recent divestment, Great Northern Minerals aims to rapidly advance Iron Butte, highlighting the potential for low-cost heap leach development and additional upside from previously underappreciated silver mineralisation in a strong gold and silver price environment.

More about Great Northern Minerals Limited

Great Northern Minerals Limited is an Australia-listed exploration company focused on precious metals, with a growing portfolio of gold and silver assets. The company targets high-potential districts in tier-one mining jurisdictions, seeking near-surface oxide resources with scalability and low-cost development pathways to enhance its position in the gold-silver sector.

YTD Price Performance: -33.33%

Average Trading Volume: 852,155

Technical Sentiment Signal: Sell

Current Market Cap: A$14.57M

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