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GBM Resources Limited (ASX:GBM)

ALERT: Price-sensitive ASX Announcement for GBM
Current share price for GBM : $0.018 -0.02 (-52.63%)+
Announcement
Release
29 Jan 2026 8:48AM
Price at Release
$0.038
Full Release
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Summary
GBM Resources Limited (ASX: GBM) announced the results of its Stage 1 drilling at the 309 deposit, part of the Twin Hills Gold Project in Queensland. The drilling revealed outstanding high-grade mineralisation outside the existing mineral resource estimate (MRE). Notably, drill hole TNDH012 intersected a 37-meter section grading 5.00g/t Au, including a 1-meter section at 77.25g/t Au and a 3-meter section at 29.96g/t Au. These findings suggest the potential for significant resource growth and have reinforced the company's plans to expedite Stage 2 of the drilling program.
Key Points
  • High-grade mineralisation intersected 100m outside existing MRE.
  • 37m @ 5.00g/t Au from 225m in drill hole TNDH012.
  • Includes 1m @ 77.25g/t Au and 3m @ 29.96g/t Au.
  • Stage 1 drilling provides vectors for targeting deeper mineralisation.
  • Potential for significant growth of the 309 deposit.
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.