New Murchison Gold Limited has reported further high-grade gold intersections from its Crown Prince Gold Project, reinforcing the potential for a profitable open pit operation at its Garden Gully site near Meekatharra.
- 149 additional high-grade gold intersections reported
- Grade control drilling program completed with 330 holes
- Exceptional grades up to 195.79 g/t Au recorded
- Results support continuity of mineralisation and mining plan
- Project progressing towards production with further drilling planned
Strong Drilling Results Bolster Crown Prince Prospects
New Murchison Gold Limited (ASX, NMG) has announced a significant update from its ongoing grade control drilling at the Crown Prince Gold Project, part of the larger Garden Gully Gold Project in Western Australia. The company reported high-grade gold intersections from an additional 149 reverse circulation drill holes, complementing the 101 holes released in late May 2025. This brings the total completed grade control drilling to 330 holes, designed to refine the resource ahead of mining.
The drilling results reveal multiple intervals of impressive gold grades, with standout assays including 2 meters at 195.79 grams per tonne (g/t) gold and several other intercepts exceeding 40 g/t. These findings confirm the continuity of mineralisation beneath the cap rock zone and align closely with previous resource drilling, providing increased confidence in the deposit's robustness.
Implications for Mining and Development
The Crown Prince deposit is a high-grade gold resource located approximately 22 kilometers northwest of Meekatharra, accessible via major regional roads. The recent drilling focused on the early mining benches within the proposed open pit design, targeting mineralisation below the lateritic cap rock. The high-grade results support the feasibility study and maiden Ore Reserve announced earlier in 2025, underpinning the project's economic potential.
CEO Alex Passmore highlighted the significance of these results, noting that the grade control drilling not only confirms the expected grades but also strengthens the mining proposition at Crown Prince. The continuity of mineralised structures and the replication of high-grade zones bode well for the project's development trajectory.
Looking Ahead, Further Drilling and Production Pathway
While the current drilling program has concluded, New Murchison Gold plans to undertake deeper and inclined grade control drilling below 50 meters vertical depth to further delineate the resource. This next phase aims to explore the deeper potential of the deposit, which remains open at depth and along strike.
With a market capitalization of approximately $167 million and a share price of $0.017 as of June 12, 2025, New Murchison Gold is positioning itself on a clear path towards gold production. The company’s extensive tenure across the prolific Murchison goldfield and the promising results at Crown Prince reinforce its status as a notable player in the Australian gold exploration sector.
Bottom Line?
These high-grade drilling results solidify Crown Prince’s potential, setting the stage for deeper exploration and advancing New Murchison Gold’s production ambitions.
Questions in the middle?
- How will these new assay results impact the updated resource and reserve models?
- What are the timelines and capital requirements for advancing Crown Prince to production?
- Could deeper drilling reveal additional high-grade zones that materially increase project scale?