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Gibb River Diamonds Limited (ASX:GIB)

ALERT: Price-sensitive ASX Announcement for GIB
Current share price for GIB : $0.035 -0.005 (-12.50%)+
Announcement
Release
25 Jun 2026 9:45AM
Price at Release
$0.040
Full Release
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Summary
Gibb River Diamonds Limited (GIB) announced the commencement of the Phase 2 aircore drilling program at their Edjudina Gold Project in Western Australia. This phase targets highly prospective gold areas within Mining Lease M31/481, near historic gold workings dating back to 1897. The drilling aims to test new targets and revisit areas that were inaccessible during Phase 1 due to weather conditions. Notably, sites like Neta Junction and Senate will be examined. The program focuses on areas under transported cover that may contain mineralization. The results of this drilling will be announced once assays have been compiled.
Key Points
  • Phase 2 aircore drilling program has begun at Edjudina Gold Project.
  • Targets are situated on Mining Lease M31/481, acquired in September 2024.
  • Drilling will test targets initially missed in Phase 1 due to bad weather.
  • Historic sites such as Neta Junction and the Senate mineshaft are included.
  • Prospective targets under cover will also be drilled.
  • Results will be announced post-assay compilation.
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.