Drilling at GBM’s Malmsbury joint venture gold project has now defined the Missing Link Monzogranite target over 340m of strike and 40m width.

Hole MD17 intersected a 65m zone of strongly altered and mineralised Missing Link Monzogranite from a depth of 204m with a priority assay returning a result of 79.9m at 0.26 grams per tonne (g/t) gold from the monzogranite and contact zones.

Importantly, GBM Resources’ (ASX:GBZ) 2,500m drill program that was completed at the end of May has now confirmed a steep, east-dipping elongate body that widens at depth and validates the potential for an intrusion hosted and/or intrusion related gold system at Malmsbury.

Review of multi-element analyses for MD17 is ongoing while the remaining assays for the program are expected to be received over the coming months.

“It is exciting to receive further evidence of the significance of the IRG mineralisation system now confirmed to exist on Belltopper Hill,” managing director Peter Rohner said.

“This, in addition to results from testing of the Leven Star Reef, continues to provide encouragement and support the prospectivity of the Malmsbury Gold Project.

“With our JV partner Novo Resources Corp, we are looking forward to completing a safe and environmentally sound drilling program and receiving the final assays before regrouping for a second phase of drilling late in 2022 or early 2023.”

Upcoming work

The company plans to drill another hole to further test the IRG system that was confirmed by the intersection in MD17.

Preparations are underway for an induced polarisation survey to test for mineralisation in the Belltopper Hill area.

This survey is being planned to help define sulphide-rich granite-related targets and disseminated sulphide haloes around the high-grade gold reef targets.

This article was developed in collaboration with GBM Resources, 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.