Great Northern’s Golden Ant project looking good to bear fruit from Douglas Creek prospect
Great Northern’s reconnaissance sampling has found hints of strong gold-silver-copper potential at the Douglas Creek prospect within its Golden Ant project in North Queensland.
The sampling program, which was designed to follow up a historic bulk cyanide leach gold anomaly dating from 1988, took 15 samples over a 900m by 170m area that has no known historical workings.
Most of the samples taken by Great Northern Minerals’ (ASX:GNM) returned strong assays topping out at 2 grams per tonne (g/t) gold, 88g/t silver and 11% copper.
Managing director Cameron McLean says the results of the sampling program are outstanding given that there were no historical workings in the tested area.
“We intend to follow up these exciting results with a detailed soil sampling program and further rock chip sampling planned to take place in June,” he adds.
Douglas Creek is part of the Golden Ant project in Far North Queensland that includes the Amanda Bell and Big Rush Goldfields.
Total gold production from the Amanda Bell Goldfield was about 95,000oz of gold (57,000oz from Camel Creek and 14,000oz from Camel Creek satellite deposits plus another 18,000oz from Golden Cup and 6,000oz from Golden Cup satellite deposits).
Total gold production from the Big Rush Goldfield was 60,000oz gold.
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.