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Great Southern Mining Limited (ASX:GSN)

ALERT: Price-sensitive ASX Announcement for GSN
Current share price for GSN : $0.028 0.007 (30.23%)+
Announcement
Release
23 Jul 2026 8:19AM
Price at Release
$0.022
Full Release
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Summary
Great Southern Mining Limited has commenced a diamond drilling program at the Mt Dillon target within the Edinburgh Park Project in northern Queensland. The program will initially involve drilling up to 1,300 meters and is aimed at exploring intrusive-related gold systems (IRGS), underpinned by favorable geophysics results. The exploration is funded and managed by G-Ex Resources Ltd, a subsidiary of Gold Fields Ltd, which has an option to earn a 75% interest in the project by investing A$15 million. The project area, known for large-scale gold systems, is expected to generate further exploration targets.
Key Points
  • Diamond drilling program started at Mt Dillon, part of Edinburgh Park Project.
  • Drilling will cover up to 1,300 meters focusing on intrusive-related gold systems.
  • Funded and managed by G-Ex Resources Ltd, a subsidiary of Gold Fields Ltd.
  • Gold Fields can earn a 75% interest with A$15 million investment.
  • Mt Dillon is characterized by favorable geophysics and IP anomalies.
  • The project area includes large-scale gold systems like Ravenswood, Mt Leyshon, and Mt Carlton.
  • Further surveys planned to identify additional drill 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.