Exploration boost. Pic: via Getty Images
Great Northern’s new tenement to boost Camel Creek gold-antimony exploration
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Great Northern has been awarded a new exploration tenement that will allow it to accelerate exploration activities at its Camel Creek gold-antimony project in northern Queensland.
EPM26637 is contiguous with the company’s existing mineral leases at Camel Creek and Golden Cup where drilling carried out towards the end of 2021 returned a top hit of 1m grading 105.5 grams per tonne (g/t) gold and 0.6% antimony from a down-hole depth of 127m.
The new permit covers areas of known historical mining activity such as Red Gold, Beatrice, Blue Gold and AP Gold along with multiple high-priority exploration targets along the highly prospective Golden Ant, Anabelle-Red Ant, Blue Gold and Angiang Trends.
Notably, it also consolidates Great Northern Minerals (ASX:GNM) control of the highly prospective Amanda Bel Goldfield.
“The grant of EPM 26637 is a material step in enabling GNM to accelerate exploration activities at our highly prospective Camel Creek gold-antimony project,” managing director Cameron McLean said.
“EPM 26637 surrounds our mining leases at Camel Creek and Golden Cup and covers the majority of the highly prospective structural trends which host the known gold-antimony mineralisation.
“Previous operators (Lynch Mining and Curtain Bros) mined multiple deposits along the trends and defined multiple exploration targets.
“We have been working through the historical data and are keen to get ‘boots on the ground’ to progress exploration activities to target the known deposits and exploration targets plus seek to define new targets.”
Gold production history
The Amanda Bell Goldfield covers 1,000sqkm and produced about 95,000oz of gold from 1989 to 1995 after the oxide gold mineralisation was depleted.
Most of this was sourced from Camel Creek and its satellites while Golden Cup and its satellites were responsible for about 24,000oz of production.
Great Northern had in March defined a resource of 2.4Mt grading 2.6g/t gold and 0.4% antimony for the Camel Creek deposit.
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.
