Laughter and song: GNM hits open, high-grade gold-antimony at Camel Creek

Great Northern Minerals is thrilled to report an intersected gold-silver-antimony mineralisation in diamond drilling at the Camel Creek deposit – part of its Golden Ant project in Far North Queensland.

All four holes intersected gold-silver-antimony mineralisation, with drill hole CCRCD81 confirming the high-grade gold-silver-antimony Hinge Zone is open at depth.

Results included:

7m at 2.4 g/t gold and 0.5% antimony from 222m down-hole including 2m at 7.8 g/t gold and 1.3% antimony from 227m down-hole; and
12m at 2.4 g/t gold and 0.1% antimony from 241m down-hole including 1m at 19.6 g/t gold, 5 g/t silver and 1.6% antimony from 252m down-hole.

The results will be used in planning the next round of drilling to target the Hinge Zone and they’ll also be included in the Camel Creek Mineral Resource Estimate which is expected to be completed by the end of the quarter.

Underground mining potential

The company reckons the Hinge Zone represents an “exceptional” underground target – with high grade to bonanza grade mineralisation consistently intersected over mineable widths.

“The Camel Creek drilling results are encouraging and further add to the overall resource base,” Great Northern Minerals (ASX:GNM) CEO and MD Cameron McLean said:

“The high-grade gold-silver-antimony mineralisation intersected in the Hinge Zone is open at depth and demonstrates the potential for an underground mining operation at Camel Creek.

GNM — Pic: Camel Creek Long Section (recent diamond drilling and high-grade hinge zone)

Plus antimony has critical mineral status

Camel Creek is the major mining centre in the Amanda Bell Goldfield, where gold bearing oxide ore has been mined from open pits on eight deposits and these plus other smaller pits all have material primary sulphide mineralisation remaining – many of them with significant antimony mineralisation in addition to the gold.

And McLean says the presence of high-grade antimony mineralisation at Camel Creek “is significant in that antimony holds Critical Mineral status with both US and Australian governments as well as potentially enhancing the economics of the project.”

The company says the completion of the Camel Creek MRE will complete the initial phase of resource estimates for the Golden Ant Project (Camel Creek, Golden Cup and Big Rush) advancing the Golden Ant scoping study.

This article was developed in collaboration with Great Northern Minerals Limited, 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.