Confirmed: Big gold potential at Great Northern’s Camel Creek project
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Special Report: Drilling has now confirmed the potential for Great Northern’s Camel Creek project in northern Queensland to host a significant gold resource.
And it is not hard to see why with high grade hits such as 5m grading 12.2 grams per tonne (g/t) gold from a depth of 59m within a broader interval of 10m at 6.63g/t gold from 54m and 5m at 5.29g/t gold from 47m.
Great Northern Minerals (ASX:GNM) managing director Cameron Mclean says the drilling at Camel Creek extends and confirms the excellent resource potential of the area.
“Consistent mineralised zones have been intersected and provide an excellent platform for a large resource drilling program at Camel Creek to be completed in 2021,” he added.
“Further, we are learning more about the general geological structure of the mineralised area, where historical mining scratched the surface, providing for potential future growth opportunity.”
The company is now planning a larger scale drilling program to test for extensions at depth and along strike.
Camel Creek is one of three historical gold mines that are at the centre of the company’s plans to develop a new multi-million ounce gold camp.
The shallow, open cut Big Rush, Golden Cup and Camel Creek mines produced a combined +160,000oz at an average grade of 1.9g/t in the 1990s and were “in mineralisation” when mining stopped and have never been drilled at depth.
Great Northern’s most recent drilling of four aircore and 11 reverse circulation holes totalling 1,090m at Camel Creek has extended drill test to over 1,000m of strike underneath a series of previously mined shallow open pits.
All results have highlighted and extended the known gold mineralisation at Camel Creek with a number of significant intersections being returned and providing confidence in the ability to develop a large gold resource at Camel Creek.
There is also plenty of room for growth given that the total strike length of mineralisation based on previously mined open pits and plus 1g/t gold assays extends over 3km.
This article was developed in collaboration with Great Northern Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.