- Godolphin Resources (GRL) receives the final assays from the two-hole drilling and soil sampling program at the Cyclops Prospect in NSW
- Drilling was undertaken to test highly anomalous copper and gold results from historical soil and rock chip sampling, and follow-up reverse circulation drilling
- Overall, up to 1.75 per cent copper, 6.3g/t silver and 338 parts per million molybdenum was intersected
- While drilling was underway, a soil sampling program was completed adjacent to Cyclops with work identifying weak to moderately anomalous copper in soils
- Godolphin is down 2.27 per cent on the market with shares trading at 8.6 cents each just before market close
Godolphin Resources (GRL) has received the final assays from the two-hole drilling and soil sampling program at the Cyclops Prospect in NSW.
Results have been received for GYDD001 which was drilled to test highly anomalous copper and gold results from historical soil and rock chip sampling, and follow-up reverse circulation drilling.
Overall, up to 1.75 per cent copper, 6.3g/t silver and 338 parts per million molybdenum was intersected.
Due to the lack of deeper drilling, the mineralisation remains open along strike and up and down dip.
Godolphin will now use magnetic geophysical methods to define the mineralisation below surface as well as define follow-up drilling.
While drilling was underway, a soil sampling program was completed adjacent to Cyclops to test an area west of Cyclops to identify mineralisation extensions.
The sampling identified weak to moderately anomalous copper in soils along strike from the historical workings and drilling. This suggests mineralisation extends further west than previously explored.
This area will be a priority focus for Godolphin to undertake a ground-based magnetic survey to identify magnetite alteration.
Combined with data from structural mapping, the he mineralisation identified should provide the company with locations for follow-up reverse circulation drilling.
“To have intersected a number of high-grade zones close to surface, with the first diamond drill hole at the prospect, is highly encouraging. Further, these zones are all
open in all directions, demonstrating the high exploration potential of the project,” Managing Director Jeneta Owens commented.
“The results from the initial diamond drilling and soil sampling have provided a better understanding of the mineralisation style. Initial assay results are similar to the grade of other large mines in the region.
“Additional work will progress over the coming months to identify further mineralisation, including a ground-based magnetic survey, which will assist in the design of a follow-up drill campaign to advance a potential resource at Cyclops.”
Godolphin was down 2.27 per cent on the market with shares trading at 8.6 cents each just before market close.