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Godolphin Resources Limited (ASX: GRL) has reported assay results from two new prospects located within its 100%-owned Lewis Ponds gold, silver and base metals project, located in the Lachlan Fold Belt, NSW. Importantly, the two new prospects are situated outside of the existing Lewis Ponds Mineral Resource Estimate (MRE) and provide exceptional resource expansion potential.
Two new prospects identified at the Lewis Ponds Project with high grade rock chip assays including:
• Cesar Prospect: surface samples up to 5.11g/t gold
• Britannia Prospect: surface samples up to 5.78% copper, 0.80g/t gold
The two new gold and copper targets were identified following recent geological mapping and surface sampling over the greater Lewis Ponds area. Both target areas, named Cesar and Britannia, are located outside of, but in reasonable proximity to the existing Lewis Ponds MRE. The high-grade assay results taken from rock chips at Cesar and Britannia indicate encouraging potential for widespread mineralisation above the known mineralisation, deep into the footwall.
Managing Director Ms Jeneta Owens commented:
“These high-grade assays, from areas outside our known high-grade resource at Lewis Ponds, really point to the size of the mineralising system. Mineral systems of the style of Lewis Ponds are known for their multiple mineralised lenses and the two new prospects could be representing a new lens of mineralisation which has not yet been drilled out. At the Project, we identified multiple lodes via the current resource as well as the presence of the new high grades of gold and copper. This is a great indicator of more economic mineralisation at Lewis Ponds."
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