Announcement Date: 2022-08-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Godolphin Resources Ltd.
Project name: Yeoval
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 18m @ 0.52% Cu from 118m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Godolphin Resources Limited (ASX: GRL) (“Godolphin” or the “Company”) is pleased to advise that it has received the final assay results from the two-hole drill hole program and a soil sampling program at the Cyclops Prospect on the Company’s 100%-owned Yeoval Tenement in central west NSW (EL8538). Diamond drilling at Cyclops, located approximately 2km north of the Yeoval Mineral Resource, intersected multiple zones of shear-hosted high-grade copper mineralisation with coincident gold, silver and molybdenum mineralisation. Copper mineralisation greater than 1% was intersected in shear-hosted magnetite-chlorite-quartz-epidote lodes within the Naringla Granodiorite intrusive rock. Multiple intersections assaying greater than 1% copper were intersected within a broader low envelope of mineralisation adjacent to the shear zones. Mineralisation remains open along strike as well as up and down dip of the interpreted mineralised lodes. A soil sampling program adjacent to the Cyclops Prospect has identified anomalous copper immediately west of GYDD001. Drill hole GYDD001 marks the Company’s first diamond drill hole at the historic Cyclops Prospect. It was designed to test highly anomalous copper and gold results from historic soil and rock-chip samples, followup shallow reverse circulation percussion (RC) drilling, as well as test shallow historic workings. It was also intended that the drill hole could intersect any potential north-west striking structures which from previous data reviews may host the copper mineralisation.
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