logo-loader
viewGulf Manganese Corporation Ltd

Gulf Mines’ sampling defines 1.4km long gold anomaly in Western Australia

au_goldnugget350_5189e173baa86.jpg

Gulf Mines (ASX: GLM) has completed an auger soil sampling program at its Braemore Gold Project in Western Australia which has confirmed northwest to southeast and north to south gold mineralised trends over a strike length of about 1.4 kilometres.

The results indicate that the Southern Prospect remains the priority target within the Braemore Project and is defined by results of greater than 50 parts per billion gold and 100ppb gold.

There are also north to south components within the overall Southern Prospect gold anomaly, which is about 100 metres in width and has a peak value of 534ppb gold.

Additional sampling identified significant (>30ppb gold and >20ppb gold) smaller gold-in-auger soil anomalies not previously recognised or tested.

The results from the auger soil sampling program will be used as a guide for further drill testing of the main prospects within the Braemore Project.

The Southern Prospect has demonstrated the potential to host small to medium sized but high grade gold accumulations within both the regolith profile and in fresh rock.

Another works program is scheduled to begin shortly.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Gulf Manganese Corporation Ltd

Price: 0.0055 AUD

ASX:GMC
Market: ASX
Market Cap: $28.83 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Electric vehicle sales to accelerate following coronavirus pandemic

Roskill analyst Jose Lazuen tells Proactive London's Andrew Scott severe falls were expected in EV sales but that European and Chinese policies coupled with consumer preferences have shown them to remain strong. He adds that policy is going to favour and push EV sales in certain jurisdictions...

12 hours, 49 minutes ago

2 min read