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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 (0%)+
Announcement
Release
3 Aug 2026 9:20AM
Price at Release
$0.035
Full Release
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Summary
Gibb River Diamonds Limited (GIB) reported results from their Phase 2 drilling at the Edjudina Gold Project, WA, conducted between 23 and 26 June 2026. The program involved drilling 34 aircore holes for a total of 1,127 meters and identified significant gold intersections, particularly 1 meter at 7.80g/t from hole GAC556. This phase was a follow-up to previous findings and benefited from the acquisition of mining lease M31/481. Despite some lower-than-expected gold mineralisation, all planned targets were tested. Further exploration may require an Aboriginal Heritage Survey. The results emphasize continued potential at Edjudina, with mineralisation occurring in silicified stromatolites and boudinaged structures.
Key Points
  • Gibb River Diamonds Limited (GIB) conducted a Phase 2 drilling program at the Edjudina Gold Project in WA.
  • The drilling occurred from 23 June to 26 June 2026, with 34 aircore holes drilled for 1,127 meters.
  • 317 samples were collected, with significant intersections identified.
  • The standout result was 1 meter at 7.80g/t gold from 19m in hole GAC556.
  • This phase of drilling followed up on 2022 results and was facilitated by acquiring mining lease M31/481.
  • A potential Aboriginal Heritage Survey might be required for further drilling to the south.
  • The program tested all planned targets, though some gold mineralisation was lower than expected.
  • The project is adjacent to the Neta Gold Mine but not part of the GIB-BML joint venture.
  • The mineralisation is hosted in silicified stromatolites and associated with boudinaged structures.
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.