AUSTRALIA — Great Divide Mining Ltd (ASX:GDM), a burgeoning Queensland-based explorer of gold, antimony, and critical metals, has announced promising results from its recent rock chip sampling at the New Goldfield tenement, part of the Cape Project.

The company, which recently celebrated its first anniversary as a listed entity, revealed that the sampling returned gold assays as high as 3.2 grams per tonne (g/t).

The results are significant, with 50 per cent of the samples showing anomalous gold levels greater than 0.5 g/t.

This finding underscores the potential for substantial hard-rock gold mineralisation in the area, which is adjacent to the historically rich alluvial goldfields of the Palmer River.

Justin Haines, CEO of Great Divide Mining, expressed confidence in the company’s brown-field site development strategy.

“We’ve always believed in our approach. There’s no doubt about the presence of gold, as it has been mined here before,” Haines stated.

He emphasised that the current focus is on determining the extent of the remaining resource and exploring its potential with modern technologies.

The company recognises the need for further exploration to fully assess the potential of the New Goldfield area.

These initial findings are seen as a critical step in de-risking the project for investors by confirming the presence of gold and setting the stage for more extensive exploration efforts.