MOUNT MORGAN GOLD-COPPER PROJECT

EPM16057, EPM17105, EPM17163, EPMA17734 & EPMA18366

The Mount Morgan Project is located approximately 40km south west of Rockhampton in Queensland and in close proximity to the world class Mt Morgan Copper-Gold mine. The area is well serviced with key infrastructure with the sealed Burnett Highway traversing the EPM 16057 permit.

In 1886, the Mount Morgan Gold Milling Company was formed to work the Mt Morgan mine. Initially only gold was produced, but copper production began in 1902 following its discovery in the lower workings. The Mount Morgan gold copper deposit has produced more gold than any other deposit in eastern Australia to date, with a total of 50 million tonnes of ore was treated at an average 5.9 g/t of gold and 0.7% copper, yielding approximately 8 million ounces of gold and over 400,000 tonnes of copper.

Historic exploration in the Mount Morgan area has primarily focused on the discovery of a Mount Morgan analogue which has, up until recently, been interpreted by many as a VHMS (massive sulphide) type. Until recent GBM work, no activity targeting intrusion related systems had been completed, nor had there been, thorough examination and interpretation of geophysical datasets or detailed compilation of existing exploration data.

Extensive recent soil sampling over priority targets in the Mount Morgan Project area has upgraded targets at Sandy Creek, Black Range and Smelter Returns where geological data supports the concept of intrusive related mineralisation in this area. GBM has further consolidated its strategic tenement base in the Mount Morgan Region with additional applications being granted during the year.

                                      Mt Morgan Project - Black Range South

GBM now holds over 1000 square kilometres in this region in eight exploration permits and applications in the region, previously referred to as the Dee Range Project.

The region remains, without question, one of the most prospective and underexplored exploration areas in Australia today, and the ongoing acquisition of adjacent ground by Goldfields of Australia indicates growing interest in the area by major gold companies.

 

Mount Morgan Project, tenement and target location plan with TMI rtp backdrop (Note Limonite Hill prospect is Target T4)

 

Current Share Price
1.0c
Visit ASX Website
Current Gold Price
US$1285.50

Latest News

Notice of Annual General Meeting & Explanatory Statement
Dear Fellow GBM Resources Shareholder,
Please find enclosed the Notice of Annual General Meeting for the Shareholders’ Meeting to be held at HLB Mann Judd, Level
4, 130 Stirling Street, Perth, Western Australia at 11.00am on Thursday, 9th November 2017.
9 November 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
CORPORATE GOVERNANCE STATEMENT Financial Year Ended 30 June 2017
The Board of Directors (“Board”) is responsible for the overall corporate governance of the Company, including the establishing and monitoring of key performance goals.
6 October 2017

Latest Reports

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
Report for the Quarter ended 31st March 2017
March Quarter Report 2017
31 March 2017

Subscribe

Enter your email address to join our email newsletter

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