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GBM Resources Limited (ASX:GBM)

ALERT: Price-sensitive ASX Announcement for GBM
Current share price for GBM : $0.023 -0.001 (-4.17%)+
Announcement
Release
20 May 2026 8:25AM
Price at Release
$0.024
Full Release
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Summary
GBM Resources Limited has announced promising results from its Stage 2 drilling program at the 309 deposit within the Twin Hills Gold Project in Queensland, Australia. The drilling has discovered high-grade gold mineralisation east of the existing resource model, with significant intersections that suggest potential for resource growth beyond the current Mineral Resource Estimate. The company's ongoing exploration efforts are improving their geological understanding and aiding in the identification of high-grade zones at greater depths. Further work is planned, including drilling to extend known resources and conducting metallurgical tests.
Key Points
  • GBM Resources Limited has reported high-grade gold discoveries east of the current 309 resource at Twin Hills.
  • The Stage 2 drilling program at the 309 deposit indicates potential resource growth beyond the existing Mineral Resource Estimate (MRE).
  • Significant drill results include intersections like 21m at 2.50g/t Au and 14m at 2.99g/t Au.
  • Drilling has revealed continuity of mineralisation, supporting geological and structural understanding of the 309 deposit.
  • GBM is refining its geochemical and structural models to target higher-grade mineralisation at depth.
  • Further drilling is planned to extend the 309 and Lone Sister deposits and to conduct metallurgical test work.
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.