MAYFIELD GOLD COPPER LEAD ZINC PROJECT

EPM19483

Granted licence EPM19483, located to the south of Cloncurry, surrounds the Trekelano copper mine and extends southwards to within close proximity of the Tick Hill gold mine.

The Trekelano copper mine is a high grade, structurally hosted copper gold deposit with a known metal inventory*1 (production and resources) of 63,000tonnes of copper and 73,000 ounces of gold.

Trekelano is currently being explored by Ivanhoe Australia which recently reported high grade copper intersections, including 44metres @ 5.7% Cu and 1.4 g/t Au (TRNQ53, Presentation to Global Resources Conference 26-27 September 2011). The Tick Hill gold mine has produced*2 513,333 ounces from 705,000 tonnes of ore at an average grade of 22.6 g/t Au, ranking it as one of the most significant, high grade gold producers in Australia’s modern mining era.

Preliminary research by GBM Resources has identified a number of promising results in data obtained from open file exploration reports. These include significant copper intersections from the Clarries Prospect and base metal intervals from drilling at Maiden Creek. In addition, a soil geochemical survey at Kiama indentified a semi-circular feature at plus 100ppm Cu.

This 1.2 kilometre long, 120 metres wide prospect is located immediately south of an untested magnetic high.

 

                                           Mayfield tenement plan

Current Share Price
1.1c
Visit ASX Website
Current Gold Price
US$1199.90

Latest News

Report for the Quarter Ended 30th June 2017
HIGHLIGHTS:
Mount Coolon Gold Project
• The Company has engaged Mining One Consultants to complete a scoping study in conjunction with a range of other specialists, on the Mount Coolon Gold Project. The Scoping Study is scheduled for completion in August.
• The Company appointed mining engineer, Mr Ian Horton, to the newly created role of General Manager of the Mount Coolon Gold Project.
• Gold resource increased at the Glen Eva deposit by 77% to 0.9Mt averaging 2.2 g/t Au containing an estimated 66,000 ounces. Potential exists to extend the Glen Eva Resource along strike and down dip.
31 July 2017
Investment Sale
Australian Resources company GBM Resources Limited (ASX: GBZ) (“GBM” or “the Company”) is pleased to announce that it has completed the sale of 17,610,618 ordinary shares in Anchor Resources Pte Ltd (Anchor), a company listed on the Catalist Board of the Singapore Stock Exchange, for a total amount of $1.257 million.
11 July 2017
Scoping Study Commisioned on the Mount Coolon Gold Project, QLD
Australian Resources company GBM Resources Limited (ASX: GBZ) (“GBM” or “the Company”) is pleased to announce that it has engaged Mining One Consultants to complete a scoping study on the Mount Coolon Gold Project.
6 July 2017

Latest Reports

Report for the Quarter Ended 30th June 2017
HIGHLIGHTS:
Mount Coolon Gold Project
• The Company has engaged Mining One Consultants to complete a scoping study in conjunction with a range of other specialists, on the Mount Coolon Gold Project. The Scoping Study is scheduled for completion in August.
• The Company appointed mining engineer, Mr Ian Horton, to the newly created role of General Manager of the Mount Coolon Gold Project.
• Gold resource increased at the Glen Eva deposit by 77% to 0.9Mt averaging 2.2 g/t Au containing an estimated 66,000 ounces. Potential exists to extend the Glen Eva Resource along strike and down dip.
31 July 2017
Report for the Quarter ended 31st March 2017
March Quarter Report 2017
31 March 2017
Report for the Quarter ended 31st December 2016
Highlights

Mount Coolon Gold Project:

Koala Gold deposit:
• Stage 1 of drilling programme has been completed at the Koala Gold Mine with 23 diamond holes drilled for a total of 1,303 metres
• Results have confirmed the presence of remnant high-grade gold mineralisation in quartz vein and breccia style settings throughout the old stope areas tested.
• The Company has commenced Stage 2 drilling in January 2017 and the program forms part of the Study to evaluate recommencement of mining operations at the Koala Gold Mine.
31 January 2017

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Contact Address

GBM Resources

ABN 91 124 752 745

Suite 8, 7 The Esplanade,
MT PLEASANT WA 6153

T: (08) 9316 9100

F: (08) 9315 5475

E: info@gbmr.com.au

 

Exploration Office

10 Parker St, Castlemaine VIC 3450

T: (03) 5470 5033