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An announcement from Great Divide Mining Ltd ( (AU:GDM) ) is now available.
Dart Mining NL, in joint venture with Great Divide Mining, has completed an Induced Polarisation geophysical survey over the Banshee mineralised zone at the Coonambula antimony, gold and silver project near Eidsvold in Central Queensland. The survey, part-funded by the Queensland Government’s Collaborative Exploration Initiative, aims to refine and expand drill targets across the Banshee trend.
The IP results reveal a subtle chargeability trend with low resistivity that tracks the known Banshee mineralisation and extends its strike length to more than 2km. Modelling indicates the trend continues east and west beyond the current drilling area, highlighting significant growth potential for the prospect.
Interpretation suggests the eastern extension of the Banshee anomaly links towards the historic Lady Mary antimony mine over roughly 900m, raising the possibility that both mines sit on the same mineralised corridor. This potential connection could enhance the scale and coherence of the broader Coonambula mineral system.
The survey also identified off-trend chargeability anomalies to the north of Banshee that coincide with gold–antimony soil anomalies and remain untested by drilling. Dart Mining plans to prioritise further investigation of these new targets, which could materially expand the project’s resource potential and support the company’s exploration-led growth strategy.
More about Great Divide Mining Ltd
Dart Mining NL is an Australian exploration company focused on discovering and advancing antimony, gold and silver mineral projects. Through a farm-in arrangement in the Coonambula Joint Venture with Great Divide Mining in Central Queensland, the company targets structurally controlled mineralised trends with potential for significant strike extensions and new drill-ready targets.
Average Trading Volume: 83,832
Technical Sentiment Signal: Buy
Current Market Cap: A$28.2M
Find detailed analytics on GDM stock on TipRanks’ Stock Analysis page.