Post on 14-Jan-2016
description
Targeting world-class Targeting world-class Gold and Copper-gold Gold and Copper-gold
systemssystemsin Australia in Australia
Melbourne Mining Club - “Cutting Edge Series"
18 November 2008
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DisclaimerDisclaimer This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This Document is not a Prospectus nor an Offer to Subscribe for Shares. GBM and its Directors, employees and consultants make no representations or warranty as to the accuracy, reliability or
completeness of this document, and have no liability, including liability to any person by reason of negligence of, or contained in or derived from, or for any omissions from this document, except liability under statue that cannot be excluded.
This document contains reference to certain targets and plans of GBM which may or may not be achieved. The performance of GBM may be influenced by a number of factors, uncertainties and contingencies many of which are
outside the control of GBM and its directors , staff and consultants.
The information in this report that relates to Exploration Results is based on information compiled by Neil Norris, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Norris is a full-time employee of the company. Mr. Norris has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Norris consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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About GBM About GBM
ASX code: GBZ
Listed : Oct 07
Activities :Targeting large Gold and Copper-Gold orebodies
IPO projects : Willaura - CuAu, Malmsbury –Au in Vic & Dee Range –CuAu in Qld
Issued capital: 40.2 million shares & 40.4 million options
Cash : Raised net $4.0m balance $2.1m
Board : Peter May - Chairman – banking, corporate finance and advisory services. Peter Thompson – Managing Director- over 30 years in the resource sector. Cameron Switzer – non Executive Director- over 20 years as a geologist.
Management : Neil Norris – Exploration Manager with over 30 years experience.
Corporate : Outsource – no head office
Web page: www.gbmr.com.au
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StrategyStrategy
Discover a new deposit which has the potential to be commercially developed-adding significant
value to the Company and shareholders.
Our current exploration assets are on the way to achieving this outcome.
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Victoria-Victoria- Snapshot Snapshot
• Malmsbury gold project has a resource of 59,000 ounces and drilling to date confirms the potential to extend the resource and gold mineralisation over 2.5km strike. Interpreted as IRGD. Potential large gold system.
• Willaura project is targeting the potential for a significant copper–gold system. High grade Cu and Au results from the adjacent tenement demonstrates the prospectivity of the Mt Stavely volcanic area.
• Rediscover Vic grants of $122k received from the Dept for both projects
Queensland - SnapshotQueensland - Snapshot • 10 titles in the Mount Isa/ Cloncurry region . World’s most
prolific producer of base metals. Key gold copper/gold targets plus potential for uranium and phosphate. Soil sampling confirmed phosphate mineralisation throughout the Bungalien IOCG ground.
Consolidation of the Dee Range copper-gold project which lies near the Mt Morgan mine ( produced 8Moz Au and 400Kt Cu). Gold and copper mineralisation is widespread. Highly anomalous coherent Cu and Au geo-chem corridor that
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12 months– Key highlights12 months– Key highlights
Demonstration large Au system at Malmsbury
Potential of the Cu-Au Stavely belt at Willuara
Acquisition of Cu-Au projects in the prolific ISA region
New phosphate opportunity
Consolidation of Dee Range Cu-Au assets
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Project LocationsProject Locations
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Grassy BoreTalawanta
Dee Range
Malmsbury
Willaura
Mt MargaretBrightlandsBungalienHorsecreek
Gold
Gold / Copper
Malmsbury Gold ProjectMalmsbury Gold Project
Intrusive Related Gold In Central Victoria
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GOLD GOLD PRODUCTIONPRODUCTION
Gold Production by State 1840 -2002
2006 World Mine Production
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Malmsbury Gold ProjectMalmsbury Gold Project
ELA5120
EL4515
Malmsbury
Tara
dale
Fau
lt
DrummondNorth
Goldfield91K ozs
Lauriston Goldfield83k ozs
Tenements consolidate goldfield
Major Regional Structure
Multiple gold bearing structures –
short-term targets
Disseminated Au distribution
Granite related mineral assemblage
IRGD at depth?
Drummond North 91,000 oz’s historic hardrock production
Missing Link
Panama
Leven Star
Queen’s Birthday4.1m @ 13.1 g/t Au - Most southern hole
Intrusive TargetIntrusive Target
4.0m @ 9.5 g/t Au - Deepest hole
Malmsbury Gold ProjectMalmsbury Gold Project
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Malmsbury Gold ProjectMalmsbury Gold Project
DDH8 4.1m @ 13.1 g/t AuDDH9 7m @ 6.4 g/t Au
Inferred ResourceInferred Resource• 305,000T @ 6.0g/t Au, 59,000ozs
Au• Evidence of depth continuation
Leven Star DepositLeven Star Deposit
MD 01 4.0m @ 9.5 g/t Au
Willaura ProjectWillaura Project
Cu-Au Intrusive Related Deposits
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Willaura – Project SummaryWillaura – Project Summary
Target - Porphyry Cu Au deposit (Geologically similar to Cadia, Mt Lyell and Northparkes)
Targets defined by geochemical, geological, structural and geophysical data
This area is one of the most under explored volcanic area in Australia
Adjacent tenement results include 6m@3%Cu and 1.1g/t Au and 7.7m @ 4.2%Cu and 1.1g/t Au associated with the serpentinite which trends through EL4631gbgb
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Mt Isa Copper Gold ProjectsMt Isa Copper Gold Projects
‘nothing else on earth measures up’
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Mt Isa Copper Gold ProjectsMt Isa Copper Gold Projects
Ten Titles, Four Major Projects;•Talawanta & Grassy Bore: IOCG
•Mt Margaret Group: IOCG
•Brightlands: Au, Cu-Au-U
•Bungalien, Malbon2
& Horse Creek: IOCG, P
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Rocklands Project Cu
Mary Kathleen• 8,882t U3O8
Tiger •Rock chip samples to 1.97ppm Au and 17.5% Cu
Fine Gold Gully•Coherent soil anomaly >100ppb, peak 720ppb•Major regional structure
Milo & Milo West •Historical rock chip samples to 4.4g/t Au, 6.1% Cu, 2,700g/t Ag, 0.39% U•Historical drilling includes 7.6m @ 2.2% Cu, 25.9m @0.5% Cu and 39.6m @ 0.3% Cu , no Au assays
EPM 14416 Southern Gold •Extensive breccia hosting widespread anomalous base metal and gold values at surface
The Range•43 anomalous rock chips over 1.3km2 •Samples between 0.5 and 21.1 g/tAu, 25% contain >1% Cu
BrightlandsBrightlands
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Bungalien – Horse CreekBungalien – Horse Creek
Georgina Basin Margin•Largely obscured by recent cover in EPM 15150
Previous Drilling•Confirm presence of Beetle Creek Formation•Phosphatic sediments logged, no analyses
EPM 14120
EPM 15150
EPM 14355
Radiometric anomaly •corresponding to outcrop of Beetle Creek Formation.
Phosphate TargetsPhosphate Targets
Soil Sampling •Field work complete.•Results awaited.
Burke River ProspectBurke River Prospect
Dee Range copper-goldDee Range copper-gold
ProjectProject
Growing Presence in major Cu-Au Province
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Dee Range ProjectDee Range Project
Mt Morgan Mine8.0M ozs Au400KT Cu
Dee Copper Dee Copper MineMine•High grade Cu-Au veins High grade Cu-Au veins systemsystem•Not tested to depthNot tested to depth
Dee Copper Dee Copper MineMine•High grade Cu-Au veins High grade Cu-Au veins systemsystem•Not tested to depthNot tested to depth
ULAMULAM•Extensive workings Extensive workings on shears and veinson shears and veins•Zonation toward Zonation toward magnetic lowmagnetic low•Restricted Restricted explorationexploration
ULAMULAM•Extensive workings Extensive workings on shears and veinson shears and veins•Zonation toward Zonation toward magnetic lowmagnetic low•Restricted Restricted explorationexploration
Black RangeBlack Range•4.5km stream sediment 4.5km stream sediment anomalyanomaly•Au values 50 to 171ppb Au values 50 to 171ppb
Black RangeBlack Range•4.5km stream sediment 4.5km stream sediment anomalyanomaly•Au values 50 to 171ppb Au values 50 to 171ppb
Westwood Gold Westwood Gold MineMine
•High grade quartz veinsHigh grade quartz veins•Intrusive host?Intrusive host?
Westwood Gold Westwood Gold MineMine
•High grade quartz veinsHigh grade quartz veins•Intrusive host?Intrusive host?
Smelter ReturnSmelter Return•300 x 400m skarn identified300 x 400m skarn identified•Shallow drilling onlyShallow drilling only•8m @ 0.3% Cu, 0.8g/t Au8m @ 0.3% Cu, 0.8g/t Au
Smelter ReturnSmelter Return•300 x 400m skarn identified300 x 400m skarn identified•Shallow drilling onlyShallow drilling only•8m @ 0.3% Cu, 0.8g/t Au8m @ 0.3% Cu, 0.8g/t Au
Kyle MohrKyle Mohr•Intrusive hosted Intrusive hosted
•Au in stockworkAu in stockwork
Kyle MohrKyle Mohr•Intrusive hosted Intrusive hosted
•Au in stockworkAu in stockwork
50 km
Mt GordonMt Gordon• porphyry Cu-Au-Moporphyry Cu-Au-Mo
•23.0m @ 0.3% Cu, 0.2 g/t Au23.0m @ 0.3% Cu, 0.2 g/t Au•4km magnetic low 4km magnetic low
Mt GordonMt Gordon• porphyry Cu-Au-Moporphyry Cu-Au-Mo
•23.0m @ 0.3% Cu, 0.2 g/t Au23.0m @ 0.3% Cu, 0.2 g/t Au•4km magnetic low 4km magnetic low
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Dee Range ProjectDee Range Project Copper mineralisation is widespread throughout the area.
The Dee Range and Smelter Returns prospects cover an aeromagnetic anomaly suggesting an intrusive complex with features similar to Mt Morgan.
Mt Morgan lies 20km north-east and produced 8 million ounces of gold and 420,000 tonnes of copper.
Black range has a 4.5km anomalous zone with stream samples up to 171ppb of gold.
There has been no drill activity since 1966 on the old Dee Copper mine.
Major structures transect the project.
The Smelter Return Prospect is associated with a significant skarn development hosting shallow intersections of 8m @ 0.8 g/t Au and 0.3% Cu in last drilling completed over 25 years ago.
Key Targets to achieve Key Targets to achieve Strategy Strategy
Exploration Activity
Isa ProjectsIsa Projects• Bungalien & Horse Creek -Establish phosphate potential • Brightlands – upgrade Cu-Au-U targets• Mount Margaret – upgrade and rank IOCG targets. JV.• Talawanta & Grassy Bore – significant magnetic anomalies, IOCG targets. JV. Malmsbury Gold ProjectMalmsbury Gold Project• Complete data base interpretation to further define the IRGD potential• Design and execute drilling, extend and upgrade resource base
Dee Range copper gold ProjectDee Range copper gold Project Upgrade and rank Cu-Au targets, soils and IP follow-up.JV
Willaura copper gold ProjectWillaura copper gold Project Soil, ground magnetic and IP definition +/or drilling of targets.
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GBM ResourcesGBM Resources
Targeting world classGold and Copper-gold systems
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Thank You
On the way to achieving a new discovery
Projects are in world-class mining regions