Great Northern Minerals Limited announced that assays have been received for the recently completed reverse circulation (RC) drilling program at Golden Cup. High grade gold mineralisation was intercepted in a number of drill holes, notably: GCRC093 (7.0m at 4.6 g/t Au from 61m down-hole inc. 2.0m at 14.3 g/t from 61m down-hole), GCRC094 (6.0m at 7.4 g/t Au from 67m down-hole inc. 3.0m at 11.3 g/t Au from 68m down-hole), and GCRC084 (10.0m at 2.1 g/t Au from 45m down-hole inc. 2.0m at 5.4 g/t Au 48m down-hole). Golden Cup remains open at depth and GNM are evaluating the results from the latest round of drilling to seek to further extend the high-grade gold mineralisation at depth.

Multiple holes intersected mineralisation, with a highlight being the gold mineralisation intersected in GCR093 and GCR094, with broad mineralised zones containing higher grade gold mineralisation. The results from the Golden Cup RC drilling program will be used to review the potential to increase the Golden Cup Mineral Resource and plan a follow up drilling program to take place in 2023. The intersections returned have confirmed the steep south plunging gold shoots, as indicated from the previous drilling and mining history.

These are obvious areas to focus future drilling programs on and is consistent with a similar orientation to the high grade shoots observed at Camel Creek. The Golden Cup deposit is located on ML 4536 and is part of GNM's Golden Ant Project in North Queensland. Nine open pits were mined over 1,500m of strike length for 0.2Mt tonnes of ore produced at an average grade of 2.8 g/t Au, with production finishing in 1993.

The average pit depth was less than 15m, targeting the oxide mineralisation. Golden Cup has a current JORC compliant Inferred Mineral Resource of 256,000 tonnes at 3.6 g/t Au (30,000 ounces contained Au).