Samso News: G11 Resources Limited – New Copper-Gold EM Drill Targets Identified at Linda Project - Promising Progress in a Known Mineralised Zone.
- Noel Ong
- 6d
- 8 min read
This summary reflects the factual disclosures made in the ASX release dated 26 February 2026 below:
New Copper / Gold drill targets identified – 26 February 2026
Samso has had a late entry to looking at looking at G11 Resources Limited (ASX: G11) as it explores for copper and gold within Tasmania’s Mt Read Volcanic Belt, a region that hosts the Mt Lyell Copper-Gold Mine and several other base metal and gold deposits. The Company’s focus is on structurally controlled mineralisation along the Great Lyell Fault, which is the main structural control to the Mt Lyell ore system.
Samso has previously covered G11 in relation to:
This latest ASX Release dated 26 February 2026 outlines the identification of additional copper-gold drill targets generated from a geophysical review of historical VTEM data within the Linda Project.
Introducing the G11 Resources Limited Update: New EM Targets Defined Along the Great Lyell Fault at Linda Project
On 26 February 2026, G11 Resources Limited announced the identification of new copper-gold drill targets within the northern portion of EL6/2024 (Linda Project), located in Tasmania’s Mt Read Volcanic Belt.
The Company has commenced a systematic exploration program comprising:
Diamond drilling (currently underway at the Zig Zag anomaly; ~2,400m program)
Geophysical review and interpretation along the underexplored northern extent of the Great Lyell Fault New Copper Gold drill targets i…
The Great Lyell Fault is the primary structural control that hosts the ore bodies of the Mt Lyell Copper-Gold Mine near Queenstown, Tasmania New Copper Gold drill targets i….
The newly defined EM (electromagnetic) anomalies are located in the Comstock Valley area, interpreted to sit near a structural juncture along the Great Lyell Fault and a northwest–southeast fault corridor (Figure 1).
Figure 1: G11 Resources tenements showing geophysical drill targets overlaid on geology, structure and adjacent Mt Lyell deposits. This map shows the relationship between the new EM targets, the Great Lyell Fault, and the Mt Lyell ore bodies. (source: G11)
Highlights: EM Anomalies Identified Along Strike from Copper Chert Ore Body
Key factual points from the ASX Release include:
Systematic review of geophysical data over EL6/2024 has defined new EM anomalies in the northern portion of the Linda Project New Copper Gold drill targets i…
These anomalies are located along strike from the Copper Chert ore body
Targets occur near an interpreted structural juncture involving the Great Lyell Fault
The strike extent north of Mt Lyell remains very poorly explored, with limited historic drilling and no modern systematic exploration New Copper Gold drill targets i…
The Company will apply for drill approvals with Mineral Resources Tasmania (MRT) to test the new targets New Copper Gold drill targets i…
The EM targets were generated through reprocessing and 3D interpretation of a 2011 heli-borne VTEM survey originally conducted by Geotech Airborne Pty Ltd New Copper Gold drill targets i….
The survey:
Totalled 926 line kilometres
Line spacing: 250m
Nominal terrain clearance: 48m New Copper Gold drill targets i…
G11 and its consultant geophysicist analysed Conductivity-Depth Inversion (CDI) slices at 450m depth to model conductivity anomalies beneath the project, forming the basis of the new drill targets.
Figure 2: Image 1 & 2 - Diamond rig currently drilling the Zig Zag anomaly, with Copper Chert deposit in the background. (source: G11)
Figure 3: Regional location plan showing Sedgwick Bluff (EL11/2025), MRV (EL33/2022), and Linda (EL6/2024) relative to Mt Lyell and other western Tasmanian mines. (source: G11)
About the Company
G11 Resources Limited is an ASX-listed exploration company focused on copper and gold exploration within the Mt Read Volcanic Belt in western Tasmania.
The Linda Project (EL6/2024):
Located east and south of the Mt Lyell Mining Centre
Acquired via Tenement Sale Agreement with Iltani Resources Limited (ASX: ILT) announced 22 December 2025.
No encumbrances or royalties
No native title in place
Tenement in good standing.
The Mt Read Volcanic Belt hosts world-class mineral deposits including Mt Lyell, Henty, Rosebery, Hellyer, and Renison Bell.
Management Commentary
The ASX Release confirms that G11 has:
Defined additional EM drill targets beyond the current Zig Zag drilling program
Identified targets in structurally favourable positions along strike from known Mt Lyell mineralisation
Completed a systematic geophysical review of historical datasets
Initiated steps to apply for drill approvals to test the new targets.
The announcement does not report any new drilling results.
Near-term Milestones to Watch
Based on the ASX Release, upcoming work includes:
Completion of ~2,400m diamond drilling at Zig Zag
Application for drilling approvals over new Comstock Valley EM targets
Additional ground-based geophysical surveys including DHEM, MLEM, IP, CSAMT, gravity and magnetics.
Surface geochemical sampling (rock chips, soils, stream sediments)
RC and diamond drill testing of high-priority coincident anomalies.
Down-hole electromagnetic (DHEM)
(source: Develop)
An exploration method for conductive mineralisation, particularly in areas where the ability of surface EM to define a target is limited either by large depths or by interfering conductive bodies such as overburden, shallow sulphides and peripheral mineralised horizons. DHEM allowed explorers to widen the search radius of boreholes, when used in the search of massive sulphides.
MLTEM: Moving Loop Transient Electromagnetic Surveying
(source: Wireline Services Group)
MLEM surveys are an effective way to image a target through multiple EM coupling (transmitter-receiver relative to target) scenarios with the potential to cover kilometers of tenement per day. MLEM is an ideal follow up to airborne EM, soil sampling and/or geological surveys.
Induced Polarization (IP)
(source: Surface Search Inc.)
Induced Polarization (IP) is a geophysical method used extensively in mineral exploration and mine operations. The IP survey is very similar to electrical resistivity tomography (ERT). Resistivity and IP methods are often applied on the ground surface using multiple four-electrode sites. In an IP survey, in addition to resistivity measurement, capacitive properties of the subsurface materials are determined as well. As a result, IP surveys provide additional information about the spatial variation in lithology and grain-surface chemistry.
CSAMT Surveys
(source: ClearView Geophysics Inc.)
CSAMT (Controlled Source Audio-frequency Magnetotellurics) are an effective way to image the ground resistivity by collecting ‘soundings’ at each location. Readings taken in the ‘Scalar-Mode’ use one magnetic sensor which is oriented perpendicular to several 25-metre or 50-metre electrical dipoles.
Samso Concluding Comments
It is important to note that the EM anomalies generated are located along strike from the Copper Chert ore body and at a structural junction of the Great Lyell Fault (Figure 1). What does that man for those wondering? Well, it comes back to the old location, location, location scenario. This is important as well.
The Great Lyell Fault is the primary structural control to the Mt Lyell Copper-Gold Mine. The northern strike extension within G11’s ground is described as poorly explored with limited historical drilling as illustrated by the regional geological setting as shown in Figure 3.
No historical drilling is a blessing but we all know that it is not necessary a tick of approval in terms of finding economical mineralisation or any mineralisation. The targets are based on conductivity anomalies interpreted from CDI depth slices derived from the 2011 VTEM survey data.
For any potential investors, it is now about the drilling and what that brings in terms of news flow.
Market Implication - The Investor Lens
A market capitalisation of over AUD $44M is always going to deter the retail punters. The market is now primed and one can either feel the vulnerability of a pull back or the anxiety of missing out on potential gains. As we see the price of gold sky rocketing and now the added pressure of the escalating hostilities in Iran and Israel, what will that mean for the mineral exploration sector that is promoting the discovery of gold and copper.
The share price chart for G11 Resources (Figure 4) does look really steady and if that is an indication of the strength, a discovery will make things rally interesting.
Figure 4: The share price chart for G11 Resources Limited as of the 2nd march 2026. (source: commsec).
Management comes with a good list of success and that should give incoming investors some guide on the level of risk. This is always a good measure to have as these are the people who control the spending. ASX companies have a real good history of spending a heap of money in a very short period of time, so a good management team is always a good box to tick when accessing your investment priorities.
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