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GBM Resources Limited (ASX:GBM)

ALERT: Price-sensitive ASX Announcement for GBM
Current share price for GBM : $0.017 -0.013 (-43.33%)+
Announcement
Release
22 Apr 2026 8:27AM
Price at Release
$0.030
Full Release
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Summary
GBM Resources Limited has reported significant results from the initial stages of its Stage 2 drilling program at the Twin Hills Gold Project in Queensland. The program, which is part of an aggressive 50,000-meter drilling operation, aims to expand the mineral resource estimate (MRE) by identifying high-grade gold mineralization outside the current resource boundary. Notable findings include drill hole LSDH005, which intersected 115 meters at 1.69 grams per tonne (g/t) gold, including 16 meters at 5.50 g/t gold. This suggests both continuity of high-grade zones and potential resource growth. Three drill rigs are currently operating at the site to further confirm mineral continuity and scale, with ongoing assay results anticipated. GBM aims to update the resource estimate for Twin Hills later in the year.
Key Points
  • Significant assay results from initial Stage 2 drilling at Twin Hills.
  • Drill hole LSDH005 intersected 115m at 1.69g/t Au, including 16m at 5.50g/t.
  • Stage 2 program involves an aggressive 50,000m drilling to expand MRE.
  • Three drill rigs operating to explore Lone Sister and 309 areas.
  • Ongoing assay results and potential resource growth expected.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.