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The latest update is out from Godolphin Resources Limited ( (AU:GRL) ).
Godolphin Resources Limited announced promising results from its recent drilling program at the Lewis Ponds project, revealing high-grade gold intersections and new mineralization zones outside the current Mineral Resource Estimate. The findings, particularly from drill hole GLPDD009, highlight significant growth potential for the project, with new areas of mineralization identified in the hanging wall and substantial thickness in the Torphy’s Lode. These results pave the way for future exploration and metallurgical testing aimed at optimizing precious metal recovery, potentially enhancing the project’s value and advancing its development.
More about Godolphin Resources Limited
Godolphin Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold, silver, and base metals projects. The company is primarily engaged in projects located in the Lachlan Fold Belt, New South Wales, Australia, with a market focus on expanding its mineral resource base and optimizing metal recovery.
YTD Price Performance: -7.14%
Average Trading Volume: 2,612,967
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.67M
See more insights into GRL stock on TipRanks’ Stock Analysis page.