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Golden Dragon Mining Ltd ( (AU:GDR) ) has shared an update.
Golden Dragon Mining has reported high-grade, near-surface gold intersections from the first phase of reverse circulation drilling at its Coodardy prospect within the Cue Gold Project in Western Australia. Multiple shallow holes returned strong grades within broader mineralised zones in the oxide and saprolite horizons, materially increasing geological confidence in a coherent, high-grade gold system.
The company interprets the mineralisation as stacked, flat-lying quartz veins forming a north-plunging high-grade trend that remains open along strike, with follow-up drilling set to begin this month to test extensions at Coodardy and nearby advanced targets. Management highlighted that consolidated ownership of the entire strike length positions Golden Dragon to unlock the larger potential of the Coodardy system and enhances the project’s prospects for future open-pit development, with positive implications for the company’s growth pipeline.
More about Golden Dragon Mining Ltd
Golden Dragon Mining Ltd is an Australian gold exploration company focused on the Cue Gold Project in the Murchison goldfields of Western Australia. The company targets advanced gold prospects such as Coodardy, aiming to delineate shallow, high-grade mineralisation that could support future open-pit development and broader regional growth potential.
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See more data about GDR stock on TipRanks’ Stock Analysis page.