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An announcement from Godolphin Resources Limited ( (AU:GRL) ) is now available.
Godolphin Resources Limited has identified significant potential for expanding its Mineral Resource Estimate (MRE) at the Lewis Ponds project through the reprocessing of historic down hole electromagnetic (DHEM) data. The analysis revealed six off-hole conductor plates outside the existing MRE, suggesting additional mineralized lenses. This data, combined with an upcoming deep penetrating IP survey, will guide future drilling programs aimed at resource expansion. The company’s efforts to integrate historic and new geophysical data underscore its commitment to enhancing resource estimates and strengthening its position in the mining industry.
More about Godolphin Resources Limited
Godolphin Resources Limited is an exploration and development company focused on gold, silver, and base metals projects. The company operates primarily in the Lachlan Fold Belt, New South Wales, with its flagship project being the Lewis Ponds gold, silver, and base metals project.
Average Trading Volume: 1,821,787
Technical Sentiment Signal: Sell
Current Market Cap: A$4.49M
See more data about GRL stock on TipRanks’ Stock Analysis page.