GBM Resources Intersects 50m at 2.01g/t Gold Outside Lone Sister MRE at Twin Hills

Aditi Sarkar

09 November 2026 03:33 PM AEDT

GBM Resources Intersects 50m at 2.01g/t Gold Outside Lone Sister MRE at Twin Hills

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

GBM Resources Limited (ASX:GBM) has reported assay results from its ongoing Stage 2 drilling program at the Twin Hills Gold Project in Queensland's Drummond Basin, including a 50-metre intersection grading 2.01g/t gold from 246 metres in drill hole LSDH018, located entirely outside the current Lone Sister Mineral Resource Estimate.

Key Points

Drill hole LSDH018 returned 50m @ 2.01g/t Au from 246m, entirely outside the current Lone Sister MRE, including 10m @ 4.20g/t Au from 279m and 3m @ 6.99g/t Au from 293m
Further Lone Sister results include 16m @ 2.96g/t Au from 430m (LSDH022) and 10m @ 3.04g/t Au from 323m (LSDH014), with the latter including 1m @ 16.95g/t Au from 331m
Results at the 309 deposit include 27m @ 1.28g/t Au from 275m (TNDH042), 18m @ 1.53g/t Au from 333m (TNDH065) and 13m @ 1.61g/t Au from 313m (TNDH059)
Laboratory backlogs have been cleared and the MRE database quarantined, with the updated Twin Hills MRE on track for completion by end of November 2026

Lone Sister Deposit Drilling Results

Stage 2 drilling at the Lone Sister deposit has returned broad zones of gold mineralisation within and beyond current MRE boundaries. The standout new result is 50m @ 2.01g/t Au from 246m in drill hole LSDH018, with the entire intersection confirmed as outside the current MRE. High-grade sub-intervals include 3m @ 3.41g/t Au from 269m, 10m @ 4.20g/t Au from 279m and 3m @ 6.99g/t Au from 293m. Additional results include 16m @ 2.96g/t Au from 430m in LSDH022, incorporating 6m @ 3.95g/t Au from 433m and 2m @ 7.00g/t Au from 443m. Gold mineralisation at Lone Sister is associated with altered rhyolite and related breccias and structures, according to the filing.

309 Deposit Assay Results

At the 309 deposit, Stage 2 drilling has continued to define gold mineralisation within the Milled Matrix Breccia host sequence and associated structural zones. New results include 18m @ 1.53g/t Au from 333m in TNDH065, with an included interval of 3m @ 5.10g/t Au from 333m, and 13m @ 1.61g/t Au from 313m in TNDH059 with 4m @ 3.42g/t Au from 318m. Additional intersections of 27m @ 1.28g/t Au from 275m in TNDH042 and 3m @ 4.07g/t Au from 241m in TNDH064 were also recorded. The filing states the prospective BXM host sequence has been confirmed by previous drilling to extend at least 700 metres south of the current 309 MRE into the Stella prospect.

Twin Hills Mineral Resource Estimate Timeline

The laboratory backlog affecting Stage 2 drilling results has now been cleared, and the database for the updated Twin Hills MRE has been quarantined. Resource estimation is progressing and remains on track for completion by the end of November 2026, the company disclosed. The Stage 2 program has focused on extending mineralisation beyond existing MRE boundaries, improving geological and grade confidence, and better defining higher-grade mineralised zones at both the Lone Sister and 309 deposits. Testing of high-priority targets within the Lone Sister and 309 mineralised corridor is ongoing, with the aim of pursuing opportunities for new discoveries in proximity to existing deposits.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.