Godolphin Resources Limited (ASX: GRL), an ASX-listed resources company focused on Australian-based projects within the Lachlan Fold Belt, NSW, has announced promising high-grade copper assay results from the Summers West and Little Bell prospects. These prospects are located in the southern extension zone of the company’s 100%-owned Lewis Ponds gold, silver, and base metals project. The identified prospects lie outside the recently updated Lewis Ponds Mineral Resource Estimate and offer substantial resource expansion potential.
Fieldwork identified copper mineralisation in outcropping rocks south of the Lewis Ponds Mineral Resource Estimate. At the Summers West Prospect, a single rock chip sample yielded 1.29% copper and 0.14g/t gold. The Little Bell Prospect returned multiple high-grade samples, including 3.3% copper and 0.07g/t gold in sample GRR0507, and 1.5% copper and 1.30g/t gold in sample GRR0513. Both prospects are associated with a strike-extensive Induced Polarisation chargeability anomaly spanning over 1,500 metres, which remains largely undrilled.
Managing Director Jeneta Owens noted the exciting progress made by the team in uncovering evidence of a distinct copper-rich system south of the existing resource area. She highlighted the untapped potential indicated by the high-grade copper and gold assays from historic workings, some dating back to the 1880s. The company is undertaking a scoping mining study, underpinned by the increased MRE, and metallurgical test work to improve gold and silver recovery. Additional drilling is planned to further grow the MRE.
The company has ongoing works programs at Lewis Ponds, which include a scoping mining study, metallurgical test work, and additional drilling. These programs are designed to test known mineralisation and exploration target areas, with the aim of broadening the scale of the Lewis Ponds MRE.
