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Great Northern Minerals Limited (ASX:GNM)

ALERT: Price-sensitive ASX Announcement for GNM
Current share price for GNM : $0.030 -0.009 (-23.08%)+
Announcement
Release
12 Jun 2026 9:58AM
Price at Release
$0.039
Full Release
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Summary
Great Northern Minerals Limited announced a maiden Inferred Mineral Resource estimate for the Iron Butte Gold-Silver Project located in Nevada, USA. The estimate includes 480,000 ounces of gold and 11.5 million ounces of silver, making Iron Butte one of the larger undeveloped deposits in Nevada. The mineral resource is primarily hosted in volcanic rocks and interpreted as epithermal-style mineralization with significant potential for expansion. The project is in a favorable location within the Battle Mountain Mining District, known for its gold-silver deposits. GNM plans further exploration to expand the resource, including a new drilling program supported by $3.9 million in available funds. The resource estimate was completed according to the JORC Code (2012) by ERM Australia Consultants Pty Ltd.
Key Points
  • Maiden Inferred Mineral Resource estimate completed for Iron Butte Project.
  • Resource includes 480,000 ounces of gold and 11.5 million ounces of silver.
  • Iron Butte located in Nevada's Battle Mountain Mining District.
  • Significant potential for resource expansion noted.
  • GNM targeting further exploration with upcoming maiden drilling program.
  • Project aligns with many bulk-tonnage heap-leach gold-silver deposits in Nevada.
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.