Nagambie Resources announces maiden JORC Resource for Gold-Antimony Discovery

Nagambie Resources Limited (ASX: $NAG) has announced the maiden JORC Resource for the shallow high-grade gold-antimony mineralisation at the Nagambie Mine. The maiden JORC Inferred Resource comprises 415,000 tonnes averaging 11.5 g/t gold equivalent, including 3.6 g/t gold plus 4.3% antimony. The average 11.5 g/t gold equivalent Resource grade is 230% of the mineable cut-off grade of 5.0 g/t AuEq, indicating a high-margin orebody.

Executive Commentary on Maiden JORC Inferred Resource

Nagambie Chairman, Tom Quinn, stated, 'The announcement of this maiden JORC Resource for the high-grade discovery is a watershed moment for the Company. We are now focussed on being able to commence the recommended follow-up drilling program, with our target being to significantly increase the maiden Resource.'

Summary of Maiden JORC Inferred Resource Announcement

Nagambie Resources has successfully announced the maiden JORC Resource for the high-grade gold-antimony mineralisation at the Nagambie Mine. The Resource comprises 415,000 tonnes averaging 11.5 g/t gold equivalent, indicating a high-margin orebody. The Company aims to commence a follow-up drilling program to increase the maiden Resource and capitalize on the significant upside potential indicated by the in-ground metal content. With strong market prices for gold and antimony, Nagambie is well-positioned to leverage this maiden Resource for future growth and development.