Great Northern Minerals (ASX:GNM) has completed the first phase of its 2021 drill campaign at the Camel Creek gold project in North Queensland.
Initial assays from the 49-hole drill program totalling 5,996m have already returned the best assay results ever seen at the project.
Notable results are 56m at 4.14 grams per tonne (g/t) gold from a depth of 152m including 20m at 10.87g/t gold, 40m at 2.31g/t gold from 160m and 24m at 5.94g/t gold from 152m.
The second batch of assay results are expected to be released in the second week of June while the final results are expected by the end of June.
Given the initial results to date, there is excellent potential to define a substantial resource at Camel Creek.
As such, it should come as no surprise that Great Northern plans to carry out a follow-up drill program within six to eight weeks subject to rig availability.
Camel Creek and other gold projects
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 that it acquired in 2019.
These projects had combined historical gold production of 160,000oz at an average grade of 1.91g/t gold.
In February, the mineral resource at Big Rush was increased by 200% to 3.53 million tonnes at 1.36 grams per tonne gold for 154,000 contained ounces.
Golden Cup has a contained resource of 30,000oz.
These resources could be dwarfed by Camel Creek as it is the largest gold system controlled by Great Northern, consisting of 3.6km of continuous workings including 30 individual pits that vary from 12m to 35m in depth.
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.