Godolphin Resources Intersects 40m of Semi-Massive Sulphide Mineralisation at Lewis Ponds, NSW

Project Name: Lewis Ponds Gold, Silver, and Base Metals Project
Project Location: New South Wales (NSW), Australia
Project Stage: Advanced Exploration

ProjectBank Summary:
Godolphin Resources Limited (ASX: GRL) has intersected 40m of semi-massive sulphide mineralisation in drill hole GLPDD006 at the Spicer’s Lode within its Lewis Ponds Project in NSW. This result marks a significant milestone in the ongoing 1,500m diamond drilling program, targeting upgrades to the current JORC (2012) Inferred Resource of 6.2 million tonnes at 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead, and 0.2% copper. The program aims to convert resources to Indicated status while obtaining core samples for metallurgical testing. Assay results for GLPDD006 are expected in January 2025, providing further insight into the project’s economic potential.

Godolphin Resources Highlights:

  • 40m of semi-massive sulphide mineralisation intersected in drill hole GLPDD006.

  • Existing JORC (2012) Inferred Resource of 6.2 Mt at 2.0g/t Au, 80g/t Ag, 2.7% Zn, 1.6% Pb, and 0.2% Cu.

  • Program objectives include upgrading resources and obtaining metallurgical samples for viability testing.

  • Strategic cornerstone investor American Rare Earths Limited increases its stake to 18.92%, signaling strong confidence in the project.

MD/CEO Statement:
Jeneta Owens, Managing Director, commented: “The 40m of sulphide intersection in GLPDD006 is an exciting milestone for the Lewis Ponds Project, demonstrating its potential as a high-value gold, silver, and base metals asset. This aligns with our strategy to unlock value by upgrading the resource and confirming the economic potential of the deposit.”

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SXG discovers 186m @ 8.8 g/t gold traversing 8 high-grade veins in down-dip extension

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