Up to 42.7m of massive and semi-massive sulphide mineralisation intersected at Lewis Ponds
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 completed the first phase of diamond drilling at the 100%-owned Lewis Ponds Gold, Silver, and Base Metals Project in the Lachlan Fold Belt, NSW. The program consisted of four drill holes totaling 1,094.8m, successfully intersecting multiple zones of massive, semi-massive, and disseminated sulphide mineralisation. Drill hole GLPDD009 recorded a standout intersection of 42.7m of sulphide mineralisation, while GLPDD008 intersected 20.25m of similar mineralisation. These results build on earlier reported intersections from GLPDD006 (40m) and GLPDD007 (37m), further confirming Lewis Ponds’ potential as a high-value gold, silver, and base metals deposit.
Godolphin Resources Highlights:
GLPDD009: 42.7m of sulphide mineralisation, including Spicer’s and Torphy’s Lodes.
GLPDD008: 20.25m of sulphide mineralisation, targeting the upper zones of the existing JORC (2012) resource.
Current JORC (2012) Inferred Resource of 6.2Mt @ 2.0g/t Au, 80g/t Ag, 2.7% Zn, 1.6% Pb, and 0.2% Cu.
Assay results for GLPDD006 and GLPDD007 expected in early February, with GLPDD008 and GLPDD009 to follow.
Metallurgical test work to assess potential for gold, silver, and base metals concentrates.
MD Statement:
Jeneta Owens, Managing Director, commented: “We are very pleased to have completed a successful phase of drilling at the Lewis Ponds project. Pleasingly, four drill holes have intersected large areas of semi-massive and massive sections of base metal mineralisation, highlighting the potential for high grade assay results...We expect to receive assay results for the first two holes drilled in the coming weeks...These results will then be used to upgrade the Company’s existing JORC 2012 resource and inform additional drill programs to commence throughout the calendar year. We look forward to providing results as they are received and continuing to unlock value for shareholders.”
