Dart Mining and Great Divide Mining announce high-grade antimony gold drilling results at Coonambula project in Central Queensland, Australia. Initial results from former Banshee mine confirm high-grade antimony-gold resource, accelerating drilling across the Banshee trend. Dart Mining’s in-house rig is advancing drilling programme at Coonambula to establish JORC-compliant antimony-gold resource.

Under the JV agreement, Dart Mining may earn up to 51% interest in Coonambula project by completing specified drilling milestones. Dart Mining has acquired 15% interest by paying $250,000 to GDM and must complete 4,000m of drilling to reach ownership threshold. Dart Mining will manage the JV during the earn-in period.

Located 70km south-east of Cracow gold mine, the Coonambula project is 100% owned by GDM through its subsidiaries. Dart Mining chairman James Chirnside is pleased with high-grade antimony results at Coonambula, plans to continue drilling towards historical Banshee Mine for potential grade and thickness increase. Additional drilling results expected in the coming months.

Read more at Yahoo Finance: Coonambula antimony gold drilling results reveal high grades in Queensland