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GBM Resources Limited (ASX:GBZ)

ALERT: Price-sensitive ASX Announcement for GBZ
Current share price for GBZ : $0.029 -0.012 (-29.27%)+
Announcement
Release
12 Nov 2025 9:40AM
Price at Release
$0.041
Full Release
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Summary
GBM Resources Limited has reported positive results from their initial drilling at the Lone Sister deposit, revealing significant gold mineralisation beyond the current Mineral Resource Estimate (MRE). The program, which completed 2039m of a planned 2160m, confirmed high-grade gold mineralisation in newly identified structures. The results included notable intercepts such as 14m at 1.19g/t Au from 60m and 89m at 1.28g/t Au from 189m in one of the drill holes (LSDH002). These findings have provided critical data for updating their mineralisation models, supporting potential resource growth within and outside the current MRE.
Key Points
  • GBM Resources Limited (ASX: GBZ) is focused on gold exploration in Queensland, Australia.
  • Initial drilling at the Lone Sister deposit revealed significant gold mineralisation.
  • 2039m of a planned 2160m of drill program completed.
  • Drilling confirmed high-grade gold mineralisation and provided data for updated mineralisation models.
  • LSDH002 drill results include 14m @ 1.19g/t Au from 60m and 89m @ 1.28g/t Au from 189m.
  • New drilling orientation identified a potential new structure with considerable gold mineralisation.
  • The company aims to extend gold resources based on these promising results.
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.