Busy drill at Gibb River Diamonds!

Paying more attention on exploration 

Gibb River Diamonds presented their Quarterly Highlights for the quarter ended on March 31, 2021 for, 1: Edjudina Gold Project, 2: Ellendale Diamond Project. 

In their quarterly summery Gibb said, during another busy quarter, the Company has completed a very successful Phase 3 RC drilling campaign at the Edjudina Gold Project and secured a highly financially advantageous option agreement over the Ellendale Diamond Project, sold a number of non-core gold legacy royalties. 

This Ellendale Option sale will now enable GIB to focus more attention on the further exploration and development at the Edjudina Gold Project, including the recently discovered Neta Lodes Prospect. 

Planning for the Phase 4 aircore drilling campaign at the Edjudina Gold Project is progressing well and the Company is looking forward to commencing this exciting program, targeting Neta Lodes lookalike deposits along the highly prospective, under-explored and under-drilled 13km strike corridor at Edjudina. Drilling is scheduled to begin around the 19 May 2021. 

GIB had $3,032,000 cash on hand as of 31 March 2021 and is in an excellent financial position to continue drilling at the Edjudina Gold Project. Further cash and share payments will be paid, should the Ellendale option be extended and/or exercised.





 

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