Current exploration at Mt Gilmore is focused on the discovery of a large, concealed sulphide system within newly identified zones of mineralisation.
() has been granted a trading halt on the ASX pending an announcement on a board appointment and capital raising.
The company’s shares will remain halted until the earlier of the start of trading on Wednesday, September 18, or the announcement is released to the market.
Mt Gilmore ownership increased to 80%
After increasing its ownership of the Mt Gilmore Cobalt-Copper-Gold Sulphide Project in NSW to 80%, the company identified multiple geophysical targets through an induced polarisation (IP) geophysical survey.
The ground IP survey tested identified copper-cobalt-silver soil anomalies for geophysical characteristics typical of concealed copper-cobalt-gold sulphide bodies.
These large surface geochemical anomalies are believed to represent alteration zones associated with buried intrusive-related copper-sulphide systems within the Mt Gilmore trend.
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