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An announcement from Godolphin Resources Limited ( (AU:GRL) ) is now available.
Godolphin Resources has identified a large and previously under-tested induced polarisation chargeability anomaly along strike from the main Lewis Ponds mineral resource, extending roughly 1.5km in length and more than 400m at depth. The anomaly, known as the Eastern IP Target, is associated in its upper portions with disseminated sulphides including sphalerite, galena and chalcopyrite confirmed in historic drilling, and overlaps a zinc-in-soil geochemical anomaly, suggesting a potentially extensive sulphide-rich mineralised system. With the existing Lewis Ponds resource already hosting substantial contained gold and silver, the new IP results point to meaningful upside potential to expand the mineral resource, and Godolphin is planning a targeted drilling program to test these high-priority IP targets in the first quarter of 2026, which could enhance the project’s scale and strategic value for investors.
More about Godolphin Resources Limited
Godolphin Resources Limited is an ASX-listed mineral exploration company focused on gold, silver and base metals, operating primarily in the Lachlan Fold Belt of New South Wales. Its flagship Lewis Ponds project hosts a JORC-compliant resource containing significant gold and silver, along with zinc, lead and copper, positioning the company within the polymetallic exploration and development segment of the Australian resources sector.
Average Trading Volume: 3,975,149
Technical Sentiment Signal: Buy
Current Market Cap: A$11.91M
See more insights into GRL stock on TipRanks’ Stock Analysis page.