Coonambula antimony gold drilling results reveal high grades in Queensland

Dart Mining, successful concern with Great Divide Mining (GDM), has reported the archetypal high-grade antimony golden drilling results from the Coonambula antimony-gold task successful Central Queensland, Australia.

The archetypal analytical results from the erstwhile Banshee high-grade antimony excavation wrong the Coonambula task country corroborate the high-grade antimony-gold resource, which volition assistance accelerate drilling crossed the Banshee trend.

Dart Mining is advancing its archetypal drilling programme astatine Coonambula utilizing its in-house rig.

The programme aims to infill existing high-grade intersections and determination towards establishing an antimony-gold assets compliant with the Joint Ore Reserves Committee (JORC).

Additional drilling results are anticipated successful the coming months.

GDM managing manager Justin Haines said: “The Coonambula task and GDM's associated task [JV] with Dart Mining continues to show wherefore GDM secured this position. These drilling results corroborate the imaginable for a high-value antimony-gold strategy astatine the historical Banshee Mine and further fortify the lawsuit for accelerated drilling crossed the Banshee trend.”

Under the JV agreement, Dart Mining whitethorn gain up to a 51% involvement successful the Coonambula project, which covers six tenements, by completing specified drilling and reporting milestones wrong a two-year period.

Dart Mining has acquired an archetypal 15% involvement by paying $250,000 (A$383,432) to GDM and is obligated to implicit a minimum of 4,000m of drilling and present 2 geological oregon assets reports to scope the 51% ownership threshold.

During the earn-in period, Dart Mining volition service arsenic the manager of the JV.

GDM volition clasp ownership of the tenement and clasp a carried involvement passim the aboriginal exploration phases.

The Coonambula task is located astir 70km south-east of Evolution Mining’s Cracow golden excavation and astir 25km south-west of Eidsvold.

The task is presently 100% owned by GDM done its subsidiaries GDM Coonambula and GDM Yellow Jack.

Dart Mining president James Chirnside said: “Every spread we person drilled astatine Coonambula since the commencement of the programme has shown these awesome zones of monolithic Stibnite. With the instrumentality of CBADD001 assays, we are precise pleased with not lone the people of the antimony, but the broader antimony-gold-silver zones that are present.

“Our keen involvement is to proceed to drill, moving person to the humanities Banshee Mine to spot if determination is an summation successful people and thickness fixed the size of the humanities mine.”

"Coonambula antimony golden drilling results uncover precocious grades successful Queensland " was primitively created and published by Mining Technology, a GlobalData owned brand.