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Godolphin Resources (ASX:$GRL) completes yeoval rc drilling - identifies new targets

Godolphin Resources completes successful RC drilling program


Godolphin Resources Limited (ASX:$GRL) has completed a successful Reverse Circulation (RC) drill program at the highly prospective Cyclops and Yeoval East Prospects, part of the Company's 100% owned Yeoval Project in Central West NSW. The program targeted multiple structural zones with the potential to host high-grade copper mineralization, resulting in the completion of 8 holes for a total of 1,624m. The assay results have provided valuable insights into the mineralization style, informing future exploration plans. Additionally, field mapping at the Vaughans Ridge Prospect has identified multiple targets for follow-up exploration.

Executive Commentary on Recent Developments


Managing Director Ms Jeneta Owens expressed satisfaction with the results of the recent RC drill program, highlighting the further intersections of over 1% copper at the Cyclops prospect. She also emphasized the encouraging mapping initiatives at the Vaughans Ridge Prospect, identifying highly prospective geology and a vast area of typical skarn style alteration. Ms Owens anticipates the receipt of rock chip sampling results early in the 2024 New Year and looks forward to sharing the results and the next steps for this exciting prospect area and other prospects within the Yeoval tenement.

Summary of ASX Announcement


Godolphin Resources (ASX:GRL) has successfully completed a RC drill program at the Cyclops and Yeoval East Prospects, yielding promising intersections of copper mineralization. The Company has also identified multiple targets for follow-up exploration at the Vaughans Ridge Prospect, demonstrating the potential for skarn style gold and base metal mineralization. The upcoming rock chip sampling results and the evaluation of drilling data will form the basis for additional exploration activities in 2024. Godolphin's strategic focus on critical minerals and green metals through ongoing exploration and development in central west NSW reflects the Company's commitment to unlocking the potential of its projects and increasing the mineral resources of its advanced projects.

Sourcehttps://announcements.asx.com.au/asxpdf/20231219/pdf/05yr9t0vhstq5g.pdf

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