InvestSMART

Great Northern Minerals Limited (ASX:GNM)

ALERT: Price-sensitive ASX Announcement for GNM
Current share price for GNM : $0.030 -0.015 (-33.33%)+
Announcement
Release
26 May 2026 8:53AM
Price at Release
$0.045
Full Release
download
Summary
Great Northern Minerals Limited announced a significant expansion of their Iron Butte Gold-Silver Project in Nevada, USA, with the acquisition of 46 new lode claims covering approximately 950 acres. The expanded land package is strategically situated within the prolific Battle Mountain – Cortez Gold Trend. Historical soil sampling has revealed strong gold-silver mineralisation, bolstering the project’s exploration potential. Ongoing geophysical reviews aim to define prospective drill targets, with new claims expected to be integrated into a comprehensive exploration strategy.
Key Points
  • GNM has expanded the Iron Butte Gold-Silver Project by 46 lode claims.
  • The new claims cover approximately 950 acres in Nevada, USA.
  • The claims exhibit similar geology to known mineralised zones.
  • Strong gold-silver mineralisation was found from historical soil sampling.
  • Geophysical reviews are in progress to define drill targets.
  • The expansion is strategic for exploring mineralised systems.
  • New claims are situated in the Battle Mountain – Cortez Gold Trend.
  • GNM aims to validate claims through the U.S. Department of Interior Bureau of Land Management.
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.