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Godolphin Resources Limited ( (AU:GRL) ) just unveiled an announcement.
Godolphin Resources Limited has identified a new geophysical target, Target 1, along the strike of its Lewis Ponds deposit, indicating potential for resource expansion to the north. This target, supported by historical data and modern geophysical techniques, suggests additional mineralization opportunities, reinforcing the project’s exploration potential. The company plans to conduct further surveys to refine drill targets, which could significantly enhance the project’s mineral resource estimate and overall value.
More about Godolphin Resources Limited
Godolphin Resources Limited operates in the mining industry, focusing on the exploration and development of gold, silver, and base metals projects. The company is primarily engaged in advancing its 100%-owned Lewis Ponds project located in the Lachlan Fold Belt, New South Wales, which is known for its potential mineral resources.
Average Trading Volume: 3,874,524
Technical Sentiment Signal: Buy
Current Market Cap: A$18.1M
For a thorough assessment of GRL stock, go to TipRanks’ Stock Analysis page.