InvestSMART

Golden Deeps Limited (ASX:GED)

ALERT: Price-sensitive ASX Announcement for GED
Current share price for GED : $0.040 -0.019 (-32.20%)+
Announcement
Release
3 Mar 2026 8:21AM
Price at Release
$0.059
Full Release
download
Summary
Golden Deeps Limited (ASX:GED) has announced significant findings from its maiden diamond drilling program at the Graceland Critical Metals Discovery. The drilling, which targeted the Gossan 1 and Gossan 1 East zones, revealed exceptionally high-grade intersections of copper (Cu), silver (Ag), zinc (Zn), germanium (Ge), and other metals. These results are part of a broader exploration program focused on high-grade sulphide targets within a geochemically anomalous zone over 400 meters long, representing potential for Tsumeb-like high-grade deposits. The drilling program has produced notable intersections such as 3.22 meters at 9.4% CuEq from GLBPD003 and 1.82 meters at 16.6% CuEq from GLBPD001, highlighting the presence of substantial mineralization beneath the gossans, which extend into fresh-bedrock. The company's exploration efforts are set to continue with plans for deeper drilling to further evaluate these promising targets.
Key Points
  • High-grade mineralization extends below gossans into fresh-bedrock.
  • Notable drilling results include 3.22m @ 9.4% CuEq and 1.82m @ 16.6% CuEq.
  • The exploration targets Tsumeb-like high-grade sulphide deposits.
  • The exploration zone includes a 400m long geochemically anomalous area.
  • Future exploration plans include deeper drilling to assess sulphide targets.
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.