Godolphin Resources is poised to sink two diamond drill holes totalling 900 metres at its Yeoval and Cyclops prospects which form part of its larger Yeoval project near Orange in NSW. The company says the holes are part of an initial probe aimed at testing the extent of the project's existing mineral resource estimate, that weighs in at 12.8m tonnes at 0.38 per cent copper, 0.14 grams per tonne gold, 2.2 g/t silver and 1200 parts per million molybdenum.
According to Godolphin, previous drilling at Yeoval did not pursue mineralisation at depth, leaving the resource estimate open in all directions. The company says despite anomalous copper hits notched from drilling of past holes and confirmed by historic soil geochemistry, no holes deeper than 90m have been drilled south of the Yeoval prospect.
To test for prospective southern extensions to the mineral resource estimate, Godolphin will plunge the first drill hole of the campaign south of the Yeoval prospect.
The company will launch the second drill hole at the Cyclops prospect, about 2km north of the current Yeoval mineral resource estimate. The work is intended to test the source of copper and gold anomalies reported in historic soil, rock-chip, and shallow RC drilling campaigns.
Management says previous exploration suggests an elongated north-south trending anomalous copper zone that stretches between the Yeoval and Cyclops prospects. The corridor is said to be along strike to a number of historic mining pits and Godolphin will use the second hole to test the anomalous strip at depth.
The looming campaign follows an exhaustive evaluation of earlier work at the project. The company says the planned drill program will test mineralisation that may stay open in all directions and at depth.
Godolphin believes the campaign will allow it to assess expansions to the current mineral resource estimate and increase its understanding of the project’s mineralisation controls that could bolster future exploration at Yeoval.
The Yeoval project sits inside the Lachlan Fold Belt and stretches around the Yeoval township in the central west region of NSW. The tenement area takes in around 290 square kilometres and is underlain by granites, granodiorites and volcanic rocks. Notably, the Yeoval Project area is accessible by sealed and unsealed roads as well as the nearby Molong-Dubbo railway line with the fertile ground is also known to host more than 60 historic mine workings which will very likely assist in guiding Godolphin’s future exploration plans.
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By Matt Birney
