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New Murchison Gold Strikes 17,240g/t Au in Crown Prince Drilling, Secures $21.5M Funding
4:06am on Monday 2nd of June, 2025 AEST
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Mining
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New Murchison Gold Strikes 17,240g/t Au in Crown Prince Drilling, Secures $21.5M Funding
4:06am on Monday 2nd of June, 2025 AEST
Key Points
Diamond drilling confirms ultra-high grade gold: 0.28m @ 17,240g/t Au
Maiden Ore Reserve of 890,000 tonnes at 4.8g/t Au for 140,000oz
Positive Feasibility Study forecasts $226m pre-tax cash flow over 30 months
Ore Purchase Agreement with Westgold Resources now effective
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