Godolphin kicks off new drilling campaign at high-grade Lewis Ponds project

Godolphin Resources Limited ( (AU:GRL) ) just unveiled an announcement.

Godolphin Resources has commenced a 2,500-metre diamond and reverse circulation drilling program at its 100%-owned Lewis Ponds gold, silver and base metals project in the Lachlan Fold Belt, New South Wales. The five-hole campaign is targeting geophysical anomalies, including an eastern IP chargeability zone and off-hole EM conductors lying outside the current mineral resource estimate, with drilling due for completion by May 2026 and assays to be reported progressively.

The program aims to test high-priority targets that could expand the existing 17.52Mt high-grade JORC mineral resource and support the company’s growth strategy at Lewis Ponds. Given a recent scoping study pointing to a 12-year mine life, strong project economics and relatively low pre-production capital, successful drilling could materially enhance the project’s scale and strengthen Godolphin’s positioning as a developing gold-silver-base metals producer in the Lachlan Fold Belt.

The most recent analyst rating on (AU:GRL) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Godolphin Resources Limited stock, see the AU:GRL Stock Forecast page.

More about Godolphin Resources Limited

Godolphin Resources Limited is an ASX-listed mineral exploration and development company focused on gold, silver and base metals in New South Wales’ Lachlan Fold Belt. Its flagship 100%-owned Lewis Ponds project hosts a high-grade JORC 2012 mineral resource containing gold, silver, zinc, lead and copper, and has been the subject of a scoping study indicating robust project economics.

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Technical Sentiment Signal: Hold

Current Market Cap: A$15.41M

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