Great Northern hits best ever intercepts at Camel Creek
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Great Northern Minerals has reported the best gold assays ever seen at its Camel Creek project in North Queensland, with several high-grade intercepts.
The assays confirm deeper and higher grade mineralisation than previously intersected by Great Northern (ASX:GNM) at Camel Creek, confirming the potential for a substantial gold project, according to the company.
High grade four-metre composite results reported at Camel Creek include:
Those are some serious numbers.
Importantly, the results only cover the first 24 holes drilled in the latest program at Camel Creek for 2876m. A further 24 holes for 2600m are currently being drilled, with assays due by the second week of June.
The current program is likely to be extended.
The first five assays listed above relate to testing of the Hinge Zone target, identified in September last year. This drilling has highlighted a substantial zone of new mineralisation which is currently outlined over 200m of strike and extends to at least 180m below surface.
Great Northern said while it was early days, grades and widths at the target appeared to be increasing at depth.
Further holes were drilled to the north on 40-80m centres, initially targeting underneath previously mined areas. The company said the results here, while narrow, were encouraging, as no deep drilling in these areas had ever been carried out.
As a result, the latest drilling has established gold mineralisation extending over 1600m of strike, with further deep drilling required.
GNM managing director Cameron McLean said the results were testament to the potential of the Camel Creek project.
“This ongoing drill program has returned the best assay results ever seen at Camel Creek and highlights the excellent potential for the delineation of a substantial gold resource,” he said.
“The very high-grade results in the vicinity of the Hinge Zone target validates the previous work and targeting techniques adopted.
“Drilling is ongoing and further deep testing of the Camel Creek gold system, testing over more than a kilometre, is expected to be completed by the end of May 2021.”
The current exploration being carried out at Camel Creek represents the largest RC program ever undertaken at the project.
The intention is to further understand the nature of the mineralisation at depth, beneath previously mined shallow open pits.
“The three-dimensional nature of the Camel Creek gold mineralisation is becoming apparent and the more drilling we complete provides additional information and understanding of the distribution of the mineralisation,” Great Northern said in a release to the ASX.
Camel Creek is one of three historically mined projects which make up Great Northern’s flagship North Queensland assets, alongside the Big Rush and Golden Cup mines.
In February, the mineral resource at Big Rush was increased by 200%.
The projects were acquired by the company in 2019.
This article was developed in collaboration with Great Northern Minerals, 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.