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
Visit ASX Website
Current Gold Price
US$1327.10

Latest News

Investor Presentation
A clear gold production and growth strategy
4 April 2018
Update - Twin Hills Acquisition and Ore Purchase Agreement
GBM Resources Limited (ASX: GBZ) (GBM or the Company) advises on the status of the Twin Hills Gold Project Acquisition and Ore Purchase Agreement with Minjar Gold Pty Ltd (Minjar).
3 April 2018
Half Year Financial Statement
The Directors present the consolidated financial statements of GBM Resources Limited for the half year ended 31 December 2017.
12 March 2018

Latest Reports

Report for the Quarter ended 31st December 2017
The December Quarter represents a pivotal period for the Company withkey activities together marking a major step forward in realising nearterm gold production from the Mt Coolon Gold Project while at the sametime providing the opportunity for a longer mine life by incorporating significant additional gold resources from the Twin Hills Gold Project
31 January 2018
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

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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