Great Northern Minerals confirms thick, high-grade gold at Camel Creek project
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Special Report: Drilling at the Camel Creek project in North QLD returns numerous thick, shallow, and high-grade gold results — and confirms continuity of this large untested gold system for at least 700m.
Great Northern Minerals (ASX:GNM) wants to develop a new multi-million-ounce gold camp in North Queensland.
Its flagship assets – acquired last year — include the mothballed Golden Cup, Camel Creek and Big Rush gold mines, which produced a combined +160,000oz at an average grade of 1.9 grams per tonne (g/t) in the 90s.
These shallow, open cut mines (12m to 30m deep) were all ‘in mineralisation’ when mining stopped and had never been drilled at depth.
The final 1m sample results from Great Northern’s maiden 18-hole, 2,516m drilling program at Camel Creek — drilled to an average depth of 140m — has now confirmed gold in every single hole.
Following initial drilling, explorers will often undertake more detailed 1m ‘resample’ assays to confirm the initial 4m composite (combined) assay results.
Highlight split sample results included 24m at 3.55g/t gold from 58m, 8m at 4.63g/t from 85m, and 9m at 4.99g/t from 109m.
This first-ever deeper drilling program at Camel Creek has successfully highlighted the continuity of mineralisation underneath and beyond the previously mined 25-30m deep open pits.
It has also revealed an untested target — called the Hinge Zone — where a number of the parallel ‘structures’ coalesce.
The last hole drilled in this area returned 3m at 4.60g/t gold from 76m and 8m at 4.63g/t from 85m, with the area to the south totally untested at depth.
No previous mining has been conducted in this area and a plunging ore shoot is interpreted, Great Northern says.
This represents a new target for future drill testing.
Drilling is progressing well at the Big Rush gold project, where 15 holes for 2,430m have already been drilled.
Initial 4m composite gold results are due in the next two weeks, Great Northern says.
Drilling is ongoing and has been expanded to allow a comprehensive testing of both the southern and northern pits, as well as the follow up of last year’s results at the Central Pit.
A number of systematic holes to evaluate the remnant heap leach pad at Big Rush will be drilled to allow for test work and evaluation of this large gold stockpile.
This story was developed in collaboration with Great Northern Minerals, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.