Golden Deeps intersects significant sulphide mineralisation at Havilah Project

Golden Deeps Ltd (ASX:GED) has announced the intersection of a 92m thick zone of disseminated sulphides, including silver-bearing pyrite and patches of the copper sulphide chalcopyrite, in diamond drillhole HVD004 at the Company's Havilah Project in the Lachlan Fold Belt Copper-Gold Province of NSW. The pXRF results of up to 3.6% Copper and 346 g/t Silver from the latest drillhole indicate a significant extension of the Hazelbrook sulphide mineralisation a further 200m northeast of the previous intersection.

Executive Commentary on Havilah Project

The CEO of Golden Deeps, Jon Dugdale, expressed excitement about the latest sulphide intersection, stating that it extends the Hazelbrook mineralised zone 200m to the northeast of the previous intersection. He highlighted the potential for silver and/or gold in the final lab assays due to the presence of extensive disseminations and patches of pyrite. Dugdale also mentioned the identification of strong copper mineralisation at the Milfor target, indicating the presence of a large porphyry-sulphide system with geological characteristics similar to major deposits in the Lachlan Fold Belt.

Summary of Golden Deeps Announcement

Golden Deeps Ltd (ASX:GED) has reported a significant extension of copper-sulphide mineralisation at its Havilah Project in NSW. The intersection of a 92m thick zone of disseminated sulphides, including silver-bearing pyrite and patches of the copper sulphide chalcopyrite, in diamond drillhole HVD004 extends the Hazelbrook sulphide mineralisation a further 200m northeast of the previous intersection. The company plans to launch a new drilling program to test this discovery of widespread, copper-bearing, sulphide mineralisation, subject to laboratory assay results and further soil sampling. The widespread mineralisation at Havilah indicates the potential for Golden Deeps to be on top of a large porphyry-sulphide system with similar geological characteristics to major deposits in the Lachlan Fold Belt, such as Cadia-Ridgeway. The company aims to become a producer of critical metals, such as copper and vanadium, to supply rapidly growing renewable energy markets globally.