Australia

Second look reveals pathfinder metals for Godolphin


Godolphin Resources has unveiled a collection of beforehand ignored combined metals and vital gold from a re-interpretation of soil samples pulled from its Lewis Ponds gold challenge in NSW. The firm says its newest enterprise has led to the identification of extra gold with coincident copper, barium, bismuth, molybdenum, tellurium and lead south of its major mineral useful resource.

Interestingly, Godolphin says the geochemical make-up of its re-interpretated soil samples is just like that of the Regis Resource’s two-million-ounce McPhillamys gold deposit some 30 kilometres away.

The current work follows on from a earlier soil sampling program that was accomplished throughout the strike of the Lewis Ponds mineralisation. The preliminary survey was geared toward eking out gold and silver, amongst different components. Both gold and silver had been detected within the earlier survey throughout a 1.3km strike size from an space south of Toms Mine. The survey unearthed a stable set of outcomes together with assays that graded as much as 6.2 g/t gold and 26.1g/t silver.

Godolphin’s newest spherical of labor that included the re-interpretation of those outcomes found a handful of further components inside the beforehand bagged samples.

The firm says its current work within the space has led to a major uptake in its understanding of the geological setting and it’s now planning on executing an infill and extensional soil sampling program to stipulate gold and copper mineralisation south of and to the northwest of the present useful resource.

According to the corporate, the Lewis Ponds challenge boasts an inferred mineral useful resource estimate of 6.2 million tonnes grading 2 grams per tonne gold, 80g/t silver, 2.7 per cent zinc, 1.6 per lead and 0.2 per cent copper.

The re-interpretation of our most up-to-date multi-element soil sampling program on the Lewis Ponds Project has been an incredible success. Not solely does it considerably improve our understanding of the world, however we’ve additionally recognized comparable geochemical signatures to the two-million-ounce McPhillamy’s Gold Deposit. This could be very encouraging and bodes nicely for deliberate exploration actions, aimed on the rising the potential of the Lewis Ponds mineralisation.

Elsewhere at its close by Williams prospect, Godolphin has bagged up near half of a 200 piece soil sampling program because it seems to focus on developments to the south east of the Lewis Ponds challenge. The firm expects to have its Williams prospect sampling wrapped up by early subsequent 12 months.

According to Godolphin, the Williams space is nestled inside a regional magnetic low characteristic that has comparable traits to its Lewis Pond challenge and Regis Resources’ undeveloped McPhillamys gold deposit.

Historical rock chip sampling from Williams exhibits some spectacular outcomes together with 12.65 g/t gold and the corporate says the mineralisation is related to copper, zinc, lead, arsenic and silver, forming an anomaly about 1km lengthy by 250m vast.

Godolphin boasts one of many largest exploration landholdings amongst different junior explorers within the Lachlan Fold Belt and if the corporate can observe up its re-interpreted soil pattern outcomes at Lewis Ponds with a stable set of numbers from sampling at its Williams prospect it could be set for a really fascinating begin to the brand new 12 months.

Is your ASX-listed firm doing one thing fascinating? Contact: matt.birney@wanews.com.au



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