ASX-listed gold and base metals explorer Godolphin Resources has fired up the drill rig and kicked off a fresh round of RC drilling at its high-grade-Gundagai gold project in the renown Lachlan Fold Belt in New South Wales. The company intends to plunge 11 holes into the project totalling 1,825 metres after an extensive review of historical data and rock chip sampling identified several walk-up drill targets.
The junior explorer will now look to zero-in on the historically worked Emu gold mine, where rock chip assay results previously identified grades of 386 grams per tonne and 320 g/t gold from a pair samples that displayed visible gold.
The company says it expects the latest drilling campaign to be wrapped up by mid-November.
Godolphin Resources Managing Director, Jeneta Owens said: “There are substantial historical workings across the Gundagai project which we intend to target. We look forward to providing ongoing updates over the coming weeks.”
Godolphin says it will unleash a track-mounted drill rig at the site after recent weather made the environment both steeper and wetter. Management believes the rig will make short work of the challenging terrain.
Meanwhile, at its Yeoval gold, copper project in western New South Wales, Godolphin recently began drill testing several fresh targets after a historical data review identified a suite of prospects. Interestingly, the Yeoval project area is home to 60 old copper gold mines along a 20-kilometre strike length.
The company is also aiming to test ground at its Mantons, Johnston’s Hill and Surprise Hill North prospects at the Gundagai project over the coming weeks.
Godolphin’s latest geological moves lever the extensive local knowledge of its newly geared up 4 person technical team who, according to the company, has extensive knowledge of the NSW Lachlan Fold belt having worked in and around it for decades.
The technical team is led by Managing Director, Jeneta Owens who cut her teeth whilst leading the exploration efforts at the highly successful Sandfire Resources. Owens also worked on the well known NorthParkes copper-gold project in NSW as did newly appointed Goldolphin Exploration Geologist, Melissa Deacon.
Deacon also worked on Newcrest’s massive Cadia mine in NSW and is joined in the new band of Godolphin technocrats by Melissa Morgan, another Cadia ex-pat.
The 4th member of Goldolphin’s geological recruitment drive is NSW geological specialist Paul Flitcroft who has worked across a multitude of NSW projects including in the Lachlan Fold Belt in more recent times.
The move to fire up the rig at Gundagai marks the start of a planned frenzy of exploration activity by Godolphin in NSW that will take it all the way through to the new year.
Activities will include comprehensive soil sampling, mapping and petrography to name just a few.
Pundits can expect a solid wall of results flowing through from Godolphin over the coming months and if the initial rock chip samples going 320 grams per tonne and 386 grams per tonne gold are any indicators, things could get interesting quickly.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Matt Birney
