Golden Dragon Confirms Expanding High-Grade Gold System at Behring Bore

Further High-Grade Gold Intersected at Behring Bore

Golden Dragon Mining Ltd (ASX:GDR) has delivered a fresh boost to its Cue Gold Project in Western Australia, confirming further high-grade gold mineralisation near surface at the Behring Bore Prospect. The second phase of Reverse Circulation (RC) drilling intersected notable grades hosted within an altered, pyritic dolerite unit and associated northeast-trending quartz lodes, underpinning the prospect’s growing reputation as a large-scale, coherent gold system.

Standout results include 4 metres at 5.3 grams per tonne (g/t) gold from 44 metres in hole 26BB041, nested within a broader 20-metre interval grading 1.57 g/t. Other significant intersections feature 12 metres at 1.07 g/t from 80 metres including 4 metres at 2.13 g/t, and 8 metres at 2.92 g/t from 20 metres with a high-grade 4-metre segment at 5.5 g/t. These assays reinforce the presence of discrete high-grade lode-style mineralisation within a broader mineralised envelope.

Mineralisation Open and Ready for Expansion

The altered, pyritic dolerite hosting the gold mineralisation has been consistently intersected along the eastern portion of all drill lines, with mineralisation remaining open to the north, south, and east where drilling has yet to test. This open-ended geometry signals substantial upside, with the company highlighting the northeast-trending quartz lodes as a newly recognised and highly prospective exploration corridor.

Golden Dragon’s managing director Simon Buswell-Smith described Behring Bore as "rapidly emerging as a standout gold prospect," noting that the consistent delivery of high-grade gold within a broader mineralised envelope significantly strengthens geological confidence. He also emphasised the prospect’s parallels with the nearby Coodardy target, located approximately 400 metres away, which has produced its own strong high-grade results, including 12 metres at 6.5 g/t and a 4-metre interval grading 17.6 g/t gold.

Upcoming Drilling to Target System Continuity

Golden Dragon is finalising drill designs for a new program slated to commence in early July, with a rig secured to test both Behring Bore and Coodardy. This campaign aims to better define mineralisation geometry and continuity, particularly focusing on the eastern corridor extension where mineralisation remains open. The company’s recent drilling success builds on earlier first-pass programs and materially increases confidence in the scale and coherence of the gold-bearing system.

The Cue Gold Project itself is expanding, with Golden Dragon’s landholding set to reach approximately 619 square kilometres upon the grant of new exploration licences. The project hosts over 50 kilometres of mineralised shear zones, positioning it as a significant exploration ground in the Murchison region. The company’s systematic approach, combining geophysical interpretation with drilling, aims to unlock multiple high-priority targets across this extensive tenure.

Technical Rigor and Exploration Discipline

The drilling program was carried out by Gyro Drilling using modern RC rigs, with samples collected and assayed under stringent QAQC protocols. Fire assay techniques on 50-gram charges were employed to ensure accurate gold quantification, and all data was verified by experienced geologists. While true widths of mineralisation are yet to be fully determined, the downhole intercepts provide a solid foundation for ongoing resource definition work.

These results come amid a backdrop of increasing interest in the Cue Project, which has seen multiple high-grade discoveries across its prospects. The company’s methodical drilling and exploration strategy, combined with its expanding land position, suggest that Golden Dragon is positioning itself for a meaningful resource growth phase in the Murchison Goldfields.