PRESS RELEASE: GDM confirms High-Grade Antimony and Gold at Coonambula

Great Divide Mining Ltd (ASX: GDM) reported today that its Joint Venture partner Dart Mining NL (ASX: DTM) has announced the first high-grade antimony and gold drilling results from its’ Coonambula Project in Central Queensland.
The results come from the very first drill hole at the historic Banshee Mine, part of GDM’s six-tenement Coonambula Project.
Early assays have confirmed high-value antimony and gold grades, confirming GDM’s ‘brown-field’ strategy of focusing on historically proven mineral fields.
Stibnite – Antimony – grades of 32.2% have been reported together with Gold at up to 23.65 gm/ton and Silver as high as 154 gm/ton.
Drilling continues to now define a JORC-compliant resource over coming months.
“These results confirm GDM’s commercial brown-field strategy and positively demonstrate the quality of both the project and of GDM’s JV partnership with Dart,” said Chief Executive Officer, Justin Haines.
“These first drilling results confirm the potential for a high-value antimony-gold system at the historic Banshee Mine and give us great confidence to accelerate the program along the broader Banshee trend,” said Haines.
Coonambula lies approximately 70 km southeast of Evolution Mining’s Cracow Mine and 25 km southwest of Eidsvold, positioning it in a well-understood, infrastructure-ready district.
“Check out the detailed ASX announcements released today by both Dart & GDM,” said Haines.
ENDS


For further information:
Justin Haines, CEO
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