Golden Globe Resources (ASX:GGR) has begun diamond drilling at the Neila Creek Project in central New South Wales, Australia.
The company will drill three holes across 1,200m, targeting geological and spatial understanding of interpreted mineralisation.
Phase one exploration is intended to highlight the prospectivity of Neila Creek for phase two drilling.
Central Deep Hold Drilling is conducting the drilling campaign at Neila Creek.
Meanwhile, the company has returned four rock chip samples from the asset. Rock chip sampling was conducted adjacent to drilling activities.
Rock chip samples include 2.16 parts per million (ppm) gold, 0.855ppm gold, and 0.418ppm gold.
Managing Director Colin McMillan says drilling will support the company’s efforts to expand exploration at both Neila Creek and Dooloo Creek.
“Diamond drilling is being carried out for the first time in this promising yet underexplored area of the Lachlan Fold Belt, located in close proximity to some world class deposits and major discoveries, and we anticipate validating the presence of a potential new gold and copper system,” McMillan says.
“Rock chip sampling from float and sub-crop near the drill sites confirms the presence of gold and copper mineralisation.
“Alongside exploration activities at Neila Creek, we are pleased with our progress in Queensland at Dooloo Creek with first assay results pending.”
Golden Globe Resources is a gold explorer focused on advancing its portfolio of assets in Queensland and New South Wales.
Write to Maddison Elliott at Mining.com.au
Images: Golden Globe Resources
