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
1.0c
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Current Gold Price
US$1262.90

Latest News

Mt Coolon Gold Project Scoping Study
Scoping Study Demonstrates the Potential Economic Viability of Recommencing the Mount Coolon Gold Project, Queensland
4 December 2017
Community Engagement Strategy Malmsbury Project
Under section 39 of the MRSD Act, all licensees have a duty to consult with the community throughout the period of the licence. This involves sharing information about any authorised activities that may affect the community and giving members of the community a reasonable opportunity to express their views about those activities. The type and level of consultation needed depends on the type of tenement, the complexity of the project, the potential risks and who may be affected.
28 November 2017
Notice of Retention Licence Application 2017
The Victorian Department of State Development, Business and Innovation (DSDBI) notified Belltopper Hill Pty. Ltd., a wholly owned subsidiary of GBM Resources Ltd. on the 17th November 2017 that it has been granted priority over the Retention Licence Application RLA006587 covering the Drummond Project in Central Victoria.
28 November 2017

Latest Reports

Report for the Quarter ended 30th September 2017
- 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.
23 October 2017
Annual Report
Dear Fellow Shareholders
GBM Resources continues to actively pursue its key objective of developing
and extending the known resources within the Company’s highly
prospective tenement holding in the Drummond Basin, Queensland.
6 October 2017
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

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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