New Murchison Gold Unveils Record-Grade Deep Gold at Crown Prince
New Murchison Gold Limited has confirmed ultra-high-grade gold mineralisation at unprecedented depths below its Crown Prince open pit project, signalling strong underground potential. The latest diamond drilling results include a staggering 0.28m at 17,240 g/t gold, reshaping the project's future development outlook.
- Diamond drilling confirms 0.28m at 17,240 g/t gold at 251m depth
- Visible gold found at 568m, the deepest occurrence at Crown Prince
- Results support underground mining scenarios beyond open pit limits
- Resource upgrade and feasibility studies underway
- Awaiting final environmental approvals to commence site operations
Exceptional High-Grade Gold Discovery
New Murchison Gold Limited (ASX – NMG) has delivered a striking update from its Crown Prince Gold Project in Western Australia's Murchison Goldfield. Recent diamond drilling has uncovered exceptionally high-grade gold mineralisation well below the planned open pit, including an extraordinary intercept of 0.28 metres grading 17,240 grams per tonne (g/t) gold. This intercept, reported from drill hole NGGRCDD974 at 251.36 metres depth, represents one of the highest-grade gold assays recorded in the region.
Deepest Gold Encountered to Date
Adding to the excitement, drill hole NGGRCDD980 intersected visible gold at a depth of 568 metres, marking the deepest gold occurrence recorded at Crown Prince so far. This mineralisation lies beneath the existing resource envelope and was found within a strongly sheared lithology typical of the project's mineralised zones. The presence of visible gold at such depth underscores the potential for significant underground resources that extend well beyond the current open pit design.
Implications for Underground Mining
The company has been conducting a focused diamond drilling program targeting the South-Eastern Zone (SEZ) to convert inferred resources into the indicated category and to expand the resource base. These latest results are expected to be incorporated into a revised resource estimate, which will underpin feasibility studies for an underground mining operation following the open pit phase. CEO Alex Passmore expressed confidence in the continuity of the mineralising structure at depth and highlighted the company's progress towards development approvals.
Strategic Development and Environmental Approvals
New Murchison Gold is advancing its development schedule for Crown Prince, with final approvals pending from the Department of Water and Environmental Regulation (DWER) and the Department of Mines, Industry Regulation and Safety (DEMIRS). The project’s underground potential is particularly important given environmental constraints that limit open pit expansion near sensitive drainage areas. The underground scenario offers a pathway to access high-grade mineralisation that is otherwise inaccessible by surface mining.
Looking Ahead
Beyond Crown Prince, the broader Garden Gully Gold Project remains a significant exploration frontier with multiple gold deposits along the Abbotts Greenstone Belt. The company plans further deep drilling to test extensions of mineralisation and refine the structural understanding of the deposit. These efforts aim to enhance resource confidence and support a robust, long-life gold operation in the Murchison region.
Bottom Line?
With record-grade gold confirmed at depth, New Murchison Gold is poised to redefine Crown Prince’s underground potential, pending key environmental approvals.
Questions in the middle?
- How will the new underground resource estimates impact Crown Prince’s overall valuation?
- What is the timeline for receiving final environmental approvals to commence mining operations?
- Will further drilling confirm continuity of high-grade mineralisation beyond current intercepts?
