Godolphin Resources has reported outstanding high-grade drill results from its Lewis Ponds Gold & Silver Project, revealing significant mineralisation and promising expansion potential. Early assays from two drill holes highlight thick, high-grade intersections in the Spicer's Lode, with further results expected soon.
- 49.6m at 3.53g/t AuEq including 28.2m at 5.76g/t AuEq in Spicer's Lode
- 14.3m at 2.06g/t AuEq near surface confirming wider mineralisation
- Discovery of additional mineralisation in Torphy's Lode outside current resource
- Five-hole diamond drill program completed, assays pending for three holes
- Lewis Ponds hosts a JORC Inferred Resource of 6.2Mt with gold, silver, zinc, lead, and copper
Exceptional Drill Results at Lewis Ponds
Godolphin Resources Limited (ASX: GRL) has unveiled compelling assay results from the first two holes of its recent diamond drilling campaign at the Lewis Ponds Gold & Silver Project in New South Wales. The standout intercept came from hole GLPDD006, which returned a remarkable 49.6 meters grading 3.53 grams per tonne gold equivalent (AuEq) starting at 210 meters depth, including a high-grade core of 28.2 meters at 5.76g/t AuEq. Meanwhile, hole GLPDD005 intersected 14.3 meters at 2.06g/t AuEq from just 2.1 meters below surface, confirming the Spicer's Lode remains open and potentially wider near surface than previously modelled.
Expanding the Resource Envelope
Significantly, the drilling also identified mineralisation in the Torphy's Lode, a footwall zone outside the existing Mineral Resource Estimate (MRE). This discovery suggests substantial upside for resource expansion beyond the current 6.2 million tonnes at 2.0g/t gold, 80g/t silver, and notable base metals. The Torphy's Lode intersections, although narrower and lower grade, provide a new target area that could materially increase the overall tonnage and value of the deposit.
Strategic Drilling and Geological Insights
The five-hole program, completed in late January 2025, totaled 1,094.8 meters and focused on infill drilling to upgrade the resource classification from Inferred to Indicated, as well as collecting fresh core for metallurgical testing. The drilling confirmed the geological model underpinning the Lewis Ponds deposit, which features steeply dipping sulphide lodes with polymetallic mineralisation dominated by pyrite, sphalerite, galena, and chalcopyrite.
Managing Director Jeneta Owens expressed confidence in the results, highlighting the strong momentum towards resource upgrade and the project's potential as a profitable gold, silver, and base metals venture. She also noted the upcoming assay results from the remaining three holes and the planned metallurgical program aimed at producing separate precious metal concentrates.
Historical Context and Future Prospects
Lewis Ponds has a rich mining history dating back to the 1800s, with previous operations focused on silver and copper. Modern exploration has shifted towards gold and silver, supported by extensive historic data and recent reinterpretations. The project benefits from excellent infrastructure and freehold land ownership, providing a stable platform for development.
Geophysical surveys and undrilled zones within and around the current resource outline further exploration opportunities. The company’s systematic approach aims to unlock this potential through targeted drilling and metallurgical studies, positioning Lewis Ponds as a key asset in Godolphin’s portfolio.
Bottom Line?
With high-grade intersections and new lode discoveries, Godolphin’s Lewis Ponds project is poised for a resource upgrade that could reshape its market standing.
Questions in the middle?
- How will the pending assays from the remaining three drill holes impact the overall resource estimate?
- What are the expected timelines and outcomes for the upcoming metallurgical test work?
- Could the Torphy's Lode discovery lead to a significant expansion of the current Mineral Resource Estimate?