Gibb River Diamonds (ASX:GIB) has mobilised for a pivotal exploration phase, announcing the commencement of a 2,000-metre aircore drilling campaign at its wholly owned Edjudina Gold Project.
Situated in the heart of Western Australia's prolific goldfields, the programme is being executed by Kalgoorlie-based specialists GYRO Drilling.
The primary objective is to test high-priority targets within Mining Lease M31/481, a strategic landholding acquired by the company in September 2024.
The project area is steeped in mining heritage, with historic gold workings on the site dating back as far as 1897.
The targets follow the line of strike from GIB’s existing Neta Mine and sit adjacent to Mining Licence M31/495.
Investors are particularly focused on the lease’s significant historic footprint, which includes the Geneve, Robertson, and Neta Junction mines, as well as the notable Senate shaft, which reached depths of 91 metres during its original operation.
A key component of this campaign involves drilling into areas of "transported cover"—regions where potential mineralisation is hidden beneath surface layers and does not outcrop.
GIB maintains 100% ownership of M31/481, as it remains independent of the GIB-BML joint venture.