GBM Resources launches 50,000m gold drill program

GBM Resources (ASX:GBM) has launched its Stage 2 drilling campaign at its flagship Twin Hills Gold Project in the Drummond Basin.

Following a Stage 1 program that yielded high-grade results—including a standout 37m @ 5.00g/t Au—the company is now deploying a 50,000-meter multi-rig initiative to aggressively expand its footprint.

The project currently holds a mineral resource estimate of 23.1Mt @ 1.3g/t Au, totaling approximately 1 million ounces of gold.

The multi-phased program is strategically split between 20,000 meters of reverse circulation drilling and 30,000m of diamond drilling.

The primary objectives are to drive resource growth within the upper open-pit sections and explore high-grade hydrothermal "ore shoots" at depth, which may support future underground operations.

With two rigs currently active and a third mobilising in late February, the company is also prioritising the conversion of mineralisation models into higher-confidence data to support upcoming feasibility studies.

CEO Daniel Hastings expressed high confidence in the project's trajectory, noting that the new geological models generated from Stage 1 have identified clear targets along strike and at depth.

At the time of reporting, GBM Resources' share price was $0.037.