Lewis Ponds, NSW Australia

Godolphin Resources Limited (ASX: GRL) has reported high-grade gold and silver results from the final drill hole (GLPDD009) at its Lewis Ponds Gold & Silver Project in NSW. The drilling confirmed significant expansion potential beyond the current 6.2Mt JORC (2012) Inferred Resource, identifying a new hanging wall mineralisation zone. The company now plans metallurgical testing to optimise gold and silver recovery…

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Project Summary

The 100% owned Lewis Ponds project covers approximately 148 km² located 15 km east of Orange. This is a high priority project for Godolphin due to the extensive historic gold and base metal workings, with a Mineral Resource estimated at 6.2 million tonnes at 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead & 0.2% copper and classified as Inferred in accordance with JORC (2012) (ASX announcement dated 2 February 2021).

Highlights

  • JORC 2012 Resource announced 2 February 2021: 6.20 Mt at 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead and 0.2% copper

  • Resource is part of a larger mineral system extending over 9 km SE with extensive gold, copper and base metal workings

  • Located 20 km along a broad structural zone from McPhillamys 2.3m oz gold deposit and surrounded by historical prospects - Mt Shorter, Mt Lindsay, Ophir and Caleula

  • 2020 review highlighted Lewis Ponds is a gold and silver resource with base metal credits (Zinc, Copper & Lead) with potential mineralisation spread both east, west and north

  • Lewis Ponds metal zonation, gold rich in the north and copper rich in the south