Godolphin Resources (ASX:GRL) Reports High-Grade Drill Results at Lewis Ponds
Drill Results
Godolphin Resources Limited (ASX:GRL) announced exceptional assay results from the first two of five diamond drill holes at the Lewis Ponds Gold & Silver Project. Drill hole GLPDD006 intersected 49.6 meters at 3.53 grams per tonne (g/t) AuEq from 210 meters, including a high-grade core of 28.2 meters at 5.76 g/t AuEq. Hole GLPDD005 returned 14.3 meters at 2.06 g/t AuEq from 2.1 meters. Additionally, drilling identified new mineralization in the Torphy’s Lode, suggesting significant potential to expand the existing resource. Assays for GLPDD007 are expected in the coming weeks, with holes GLPDD008 and GLPDD009 to follow.
Project Overview
The Lewis Ponds project is wholly owned by Godolphin and features a JORC (2012) Inferred Resource of 6.20 million tonnes at 2.0 g/t gold, 80 g/t silver, 2.7% zinc, 1.6% lead, and 0.2% copper. Located in the Lachlan Fold Belt, NSW, the project covers approximately 148 square kilometers with extensive historical gold and base metal workings. The recent drill program, completed in January 2025, involved five holes totaling 1,094.8 meters, aiming to upgrade the Mineral Resource from Inferred to Indicated and to support metallurgical testing for precious metal concentrates.
Executive Comments
Managing Director Ms Jeneta Owens stated, “The first two drillholes from our recently completed program are exceptional and provide the Company with strong momentum in our stated strategy to upgrade the Mineral Resource at Lewis Ponds. These results highlight the mineral endowment of the Lewis Ponds Gold and Silver Deposit and support our geological model. We are confident that additional assays will further illustrate the Project’s potential as a profitable gold, silver, and base metal venture, which has considerable scope for expansion via the Torphy’s Lode and infill drilling within the deposit area.”
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