Green & Gold Drills 7m at 1.27g/t Au and 6m at 1.21g/t Au in Latest Campaign

• Drilling extends mineralisation west, south, and at depth at Little Wandoo
• Notable intercepts include 7m at 1.27g/t Au and 5m at 2.17g/t Au at Little Wandoo
• Diamond drilling at Mt Wandoo reveals 6m at 1.21g/t Au including 0.3m at 15g/t Au
• Further gold and silver assay results pending from 16 drill holes
• Resource update and treatment discussions with nearby Mungana mill planned

Extending the Gold Footprint at Little Wandoo

Green & Gold Minerals (ASX, GG1) has unveiled a fresh tranche of drill results from its Chillagoe Gold Project in north Queensland, highlighting significant extensions of gold mineralisation at the Little Wandoo prospect. Situated just 150 metres from the existing Mt Wandoo resource boundary, Little Wandoo’s newly intercepted zones stretch mineralisation further west, south, and to greater depths, areas previously outside the current resource estimate.

Key intercepts from reverse circulation drilling include a standout 7 metres grading 1.27 grams per tonne (g/t) gold from 96 metres depth, featuring a high-grade 1 metre section at 8.13 g/t. Another hole returned 5 metres at 2.17 g/t gold, including a 1 metre interval at 8.22 g/t, underscoring the prospect’s potential to add meaningful ounces. These results build on historical data and will feed into updated geological models and maiden resource estimations for Little Wandoo.

Confirming High-Grade Zones at Mt Wandoo

Meanwhile, diamond drilling at Mt Wandoo, the project’s flagship deposit within granted mining leases, has delivered encouraging results that reinforce the deposit’s robustness. A highlight includes a 6 metre intercept averaging 1.21 g/t gold from 143 metres, with a narrow but very high-grade 0.3 metre section assaying 15 g/t gold. These diamond core results provide critical geological confidence, supporting efforts to upgrade the resource classification from inferred to indicated, a key step toward advancing mining studies.

Mt Wandoo currently hosts an inferred JORC resource of approximately 905,000 tonnes at 1.11 g/t gold and 13 g/t silver, equating to around 32,430 ounces of gold and 387,520 ounces of silver. The new drilling data is expected to inform a resource update that could expand and upgrade this inventory.

Next Steps and Broader Project Outlook

With gold assays still pending for 16 additional drill holes and silver assays awaited for all holes, Green & Gold Minerals is poised to integrate this forthcoming data into a comprehensive resource update. The company also plans to initiate discussions with the nearby Mungana mill regarding ore treatment options, a critical component for future development.

Beyond gold, the company is preparing for a summer mapping and sampling program at the Nutgrove rare earth prospect, signaling a broader exploration agenda within the Chillagoe project area. Managing Director Quentin Hill emphasized the significance of these results, noting the extensive mineralised system and the potential for further discoveries that could enhance the project’s value.

Overall, these drilling outcomes mark a positive step in Green & Gold Minerals’ strategy to expand and upgrade its Chillagoe Gold Project resource base, setting the stage for more detailed mining studies and potential production pathways.

Bottom Line?

As assay results continue to flow in, Green & Gold Minerals’ Chillagoe project stands at a pivotal point, with resource growth and confidence upgrades on the horizon.

Questions in the middle?

• How will pending assay results impact the overall resource estimate at Little Wandoo and Mt Wandoo?
• What are the timelines and terms for potential ore treatment agreements with the Mungana mill?
• Could the Nutgrove rare earth prospect add a new dimension to Green & Gold’s Chillagoe project portfolio?