The company is led by an experienced team that includes veteran venture capitalist Walter Doyle, who is CEO, and serial entrepreneur David Lenigas, who.
GBM Resources enters joint venture with Novo Resources for Malmsbury Gold Project
Both companies view Malmsbury as one of the most prospective and underexplored high-grade gold projects in the Victorian Goldfields, displaying many of the geological characteristics of the Fosterville epizonal orogenic gold deposit. A diamond drilling program is expected to start in the June quarter 2021.
GBM Resources Limited (ASX:GBZ) has executed a formal purchase and joint venture agreement with Novo Resources Corp (TSE:NVO) for the Malmsbury Gold Project in the prolific Victorian Goldfields.
The Foreign Investment Review Board (FIRB) and Department of Jobs, Precincts and Regions (DJPR) approvals remain as the final steps of the formation of the joint venture (JV) and are expected within the March quarter of 2021.