- Godolphin Resources (GRL) has commenced a four-hole drilling campaign at its wholly owned Lewis Ponds Project in Western Australia
- Drilling is set to target the Quarry Lode prospect within the Lachlan Fold Belt project
- The company says Quarry Lode is a high priority exploration target and has been intersected at depth in previous deep drilling
- Godolphin Managing Director Jeneta Owens says it is a great outcome to get the drill program underway
- Godolphin Resources shares closed today’s session down 3.13 per cent to trade at 15.5 cents
Godolphin Resources (GRL) has commenced a four-hole drilling campaign at its wholly-owned Lewis Ponds Project in Western Australia.
Godolphin’s project sits within the Lachlan Fold Belt of WA, with the company’s reverse circulation drilling effort set to test the near surface Quarry Lode prospect.
The Quarry Lode is located to the northwest of the current mineral resource estimate and has been intersected at depth in previous deep drilling.
The project touts a current Inferred Mineral Resource Estimate of 6.2 megatonnes at two grams of gold per tonne (g/t), 80g/t silver, 2.7 per cent zinc, 1.6 per cent lead and 0.2 per cent copper.
The company said Quarry Lode was a high priority exploration target and had been intersected at depth in previous deep drilling.
Godolphin Managing Director Jeneta Owens said it was a great outcome to get the drill program underway.
“It is an exciting time for Godolphin and the Lewis Ponds Project as this drill campaign has the potential to increase the Lewis Ponds Mineral Resource northwards,” she said. “We look forward to updating the market with the results of the Quarry Lode drilling program.”
Godolphin Resources shares closed today’s session down 3.13 per cent to trade at 15.5 cents.