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Green Critical Minerals (ASX: $GCM) to test shallow copper porphyry targets at Boulia

Update on Boulia Project exploration activities


Green Critical Minerals Ltd (ASX: $GCM) is pleased to provide an update on its recent and proposed exploration activities at the Boulia copper gold molybdenum project in north Queensland. The company has completed drill planning at the Boulia Project following the analysis of compelling copper porphyry targets, with plans to undertake a maiden drilling program to test these targets later this year. GCM holds a 100% interest in the Boulia Project, which is located 200 km south of Mount Isa and comprises two granted exploration permits and three submitted applications, covering a total area of 1,597km2.

Executive Commentary


GCM has identified multiple shallow gold, molybdenum, and copper porphyry targets at the Lorna Downs station, with peak zones of soil occurrences over interpreted shallowly buried cretaceous porphyry and skarn magnetic features. The completion of land access and native clearances has paved the way for a maiden drilling program to test these exciting targets. The company is considering the most value accretive path forward for shareholders and will assess drilling the highly prospective targets or seeking strategic partners to progress exploration activities. GCM is also re-engaging with synergetic groups in the area who have expressed interest previously.

Summary of Exploration Activities


Green Critical Minerals Ltd (ASX: $GCM) has completed drill planning at the Boulia Project in north Queensland, identifying compelling copper porphyry targets. The company is set to undertake a maiden drilling program to test these targets later this year. GCM's interpretation suggests that the widespread mineralization and veining observed in the area may be driven by porphyry intrusions, further reinforcing the exploration model. The completion of land access and native clearances has facilitated the upcoming drilling program. GCM is also exploring options to maximize value for shareholders, including assessing drilling the highly prospective targets or seeking strategic partners to progress exploration activities. The company holds a 100% interest in the Boulia Project, which is located in an area of significant exploration interest for copper, gold, and base metals.

GREEN CRITICAL MINERALS LIMITED
GCM | ASX | Materials
0.0050(+0%)
At close 05/07 (AEDT)
Market cap
$5.7M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.021
1YR Return
-90.993%

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