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GBM Resources Limited (ASX:GBM)

ALERT: Price-sensitive ASX Announcement for GBM
Current share price for GBM : $0.017 0.002 (13.33%)+
Announcement
Release
20 Jul 2026 9:43AM
Price at Release
$0.015
Full Release
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Summary
GBM Resources Limited has announced an update on the Stage 2 drilling program at the Twin Hills Gold Project, aiming to expand its existing Mineral Resource Estimate. The company reports extensions beyond the existing 1.0Moz Au with higher grades and improved continuity. Key intersections include 45m at 2.21g/t Au and 35m at 1.76g/t Au. Approximately 23,000m of the 50,000m drilling program has been completed, with additional regional exploration planned. The project is located within the Drummond Basin, Queensland, and targets both the 309 and Lone Sister deposits.
Key Points
  • Drilling extends mineralisation beyond existing 1.0Moz Au MRE at Twin Hills.
  • Significant intersections include 45m @ 2.21g/t Au and 35m @ 1.76g/t Au.
  • ~23,000m of 50,000m Stage 2 drill program completed at Twin Hills.
  • Regional exploration to commence with one rig redeployed to high-priority targets.
  • Mineralisation confirmed at both 309 and Lone Sister deposits.
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.