Godolphin Resources (ASX: GRL) has intersected ‘extensive’ disseminated pyrite, stringer, and vein-hosted sulphide mineralisation from diamond drilling at the Surprise Hill North and Big Ben prospects within its Gundagai South Gold Project in New South Wales.
The company noted that the intersections highlight the potential for an ‘extensive’ hydrothermal system, particularly at Surprise Hill North.
Speaking on the results, Godolphin Resources Managing Director Jeneta Owens said: “It is truly exciting to have put the first core drill hole into the Surprise Hill North prospect and complete the hole at Big Ben with such promising outcomes. Following unprecedented rainfall late last year, the Company made the strategic operational decision to switch to diamond drilling which has allowed these holes to be drilled to planned depth and provide us with a much greater indication of the potential at Gundagai. We look forward to providing updates as the assay results are received over the coming months.”
“It is truly exciting to have put the first core drill hole into the Surprise Hill North prospect and complete the hole at Big Ben with such promising outcomes”
Godolphin’s two-hole 700m diamond drill exploration program included an initial 500m hole (GSDD001) at the Surprise Hill North Prospect and a 200m hole (GSDD002) at Big Ben.
Drilling at Surprise Hill North was tasked with testing a series of mapped porphyritic quartz-feldspar dykes coincident with a +95ppb gold-in-soils anomaly. The program intersected ‘extensive’ disseminated, stringer and vein-hosted sulphide mineralisation within strongly deformed and altered interbedded siltstones and arenites.
At Big Ben, exploration initiatives were designed to test sheeted gold-bearing quartz veins within porphyritic quartz-feldspar intrusive dykes and sills. Mineralised quartz veins were also intersected at the prospect.
The Gundagai South Gold Project is centred around the Gundagai township and is located in the southern area of the Lachlan Fold Belt. The area has a longstanding and successful history of high-grade gold mining.
Godolphin’s tenements host several historic gold and base metals workings, situated within a belt of basaltic, volcaniclastic, and meta-sedimentary rocks intruded by porphyritic quartz-feldspar dykes and sills.
The company reports that it has commenced geological logging, cutting, and sampling of the drill holes, with assay results expected in Q2 2022. A number of samples across both holes will be selected for petrological studies to determine lithologies, alteration assemblages, and mineralisation styles and relationships.
Images: Godolphin Resources Limited