Key exploration progress by Godolphin Resources

Godolphin Resources (ASX:GRL) has made significant strides in its exploration efforts at the Lewis Ponds Gold, Silver, and Base Metals Project, located in New South Wales. The company has successfully completed two holes in its 1,500-meter diamond drilling program. Notably, they reported intersecting 40 meters of massive to semi-massive sulphide mineralisation in drill hole GLPDD006. This achievement targets upgrading resources from the JORC 2012 Inferred category to Indicated.

Godolphin Resources exploration outlook

Godolphin Resources has announced promising exploration results at its Lewis Ponds project, with substantial sulphide mineralisation identified in Spicer's Lode. This discovery forms part of the company's strategy to upgrade resources to the Indicated category and confirms the project's economic potential. The resource estimate at Lewis Ponds stands at 6.2 million tonnes with significant gold, silver, zinc, lead, and copper content. The strategic investment by American Rare Earths Limited, now holding an 18.92% stake, reflects confidence in Godolphin's growth potential. The company continues to focus on strategic exploration and resource upgrades, supported by recent fundraising efforts.

Executive insights on exploration achievements

The successful drilling at Lewis Ponds has intersected significant sulphide mineralisation, aligning with historical high-grade findings and enhancing our confidence in the resource potential. This progress is pivotal in upgrading our resources to Indicated status, and we look forward to assay results due in January 2025.