Godolphin Resources (ASX:GRL) reports it has switched to a 25-hole, 1,500m diamond drilling campaign instead of the previously planned aircore drilling at the Narraburra Rare Earth and Rare Metals Project in central west New South Wales despite wet weather battering the region.
The company has completed 15 of the proposed 25 holes for a total of 648.1m, and some of the first holes completed have been successfully sampled and delivered to the assay laboratory.
Godolphin anticipates that the 1,500m diamond core drill program will be completed by the end of October 2022, and will provide the company with ‘sufficient’ data to report an upgraded JORC 2012 estimate during Q1 2023.
The aim of the company’s diamond drill program is to test for rare earth elements (REE) and rare metal (RM) mineralisation within and around the previously defined mineralisation at Narraburra, and follow-up previously drilled diamond cores from the August 2022 campaign.
Additional outcomes of the diamond drill program will be to define potentially ‘higher-grade’ zones and mineralisation at depth, all while producing ‘quality’ samples that will be suitable for use in resource calculations and bench-scale metallurgical test work.
Godolphin Managing Director Jeneta Owens said the company has made very pleasing progress at Narraburra over the last few weeks, and is confident that exploration activities will not be delayed or affected by current wet weather events threatening the central west New South Wales region.
“The strategic pivot towards diamond drilling and away from the originally proposed aircore program will provide sufficient core samples that can be used in the Mineral Resource Estimate upgrade”
“The strategic pivot towards diamond drilling and away from the originally proposed aircore program will provide sufficient core samples that can be used in the Mineral Resource Estimate upgrade at the project, while testing resource potential at depth.
Additional core will be used for metallurgical test work towards the end of 2022, to determine a potential development pathway for the asset.
The board and management look forward to providing additional updates on the completion of the drill program over the coming weeks, as well as first assay results from the August 2022 campaign.”
Godolphin Resources is an Australian-based resource company with projects in the Lachlan Ford Belt in New South Wales, a ‘world-class’ gold-copper and REE province.
Currently the company’s tenements cover 3,200km-square of ‘prospective’ ground focused on the Lachlan Transverse Zone, one of the key structures which controlled for formation of copper and gold deposits within the Lachlan Ford Belt.
Additional ‘prospectivity’ attributes of the Godolphin tenure include the McPhillamy’s gold hosting Godolphin Fault and the Boda gold-copper hosting Molong Volcanic Belt.
Godolphin is exploring for structurally hosted, epithermal gold and base-metal deposits and gold-copper Cadia style porphyry deposits, and it is refocusing exploration efforts for unlocking the potential of its East Lachlan tenement holdings, including increasing the mineral resource of its Lewis Ponds Project.
The company says the reinvigoration of the efforts across the tenement package is the key to discovery and represents a transformational stage for Godolphin.
Images: Godolphin Resources Ltd
