New Murchison finds rich gold zones still open at Lydia
New Murchison Gold has reported high-grade drilling across three Lydia deposits near its Crown Prince operation, led by a 1m interval at 47.20g/t gold. The results define shallow mineralised zones, but remain outside the current Lydia resource and still require further drilling and modelling.
- 2m at 24.36g/t gold, including 1m at 47.20g/t, at Lydia South
- 3m at 14.53g/t gold, including 1m at 37.40g/t, at Lydia East
- Lydia Main mineralisation traced more than 200m below surface and remains open down-plunge
- Lydia South shows a shallow mineralised zone extending over more than 250m of strike
- New drilling to feed resource modelling and mining studies
High-grade hits strengthen Lydia’s near-mine case
New Murchison Gold Limited (ASX:NMG) has produced the kind of drilling result that tends to sharpen a mine planner’s attention: a 1m interval grading 47.20g/t gold within 2m at 24.36g/t at Lydia South, close to the company’s Crown Prince operations in Western Australia. A second standout came from Lydia East, where 3m at 14.53g/t included 1m at 37.40g/t.
The results span Lydia Main, Lydia South and Lydia East, three structurally controlled deposits within Mining Lease M51/889. Other notable intersections included 4m at 8.39g/t at Lydia Main, 2m at 7.50g/t at Lydia South and 4m at 4.53g/t at Lydia East. All reported widths are downhole lengths; the company says true widths are not yet known.
Three deposits show different expansion opportunities
Lydia Main is the deepest of the three targets, with mineralisation traced from surface to more than 200m below surface across a long section covering about 430m of strike. Its strongest gram-metre core sits between roughly 340mRL and 450mRL, while a deeper result of 5m at 3.76g/t from 216m supports the company’s view that the system remains open down-plunge.
Lydia South presents a shallower, broader target. The long section outlines continuous mineralisation over more than 250m of strike, generally between 15m and 55m below surface. A deeper northern position, including 2m at 7.50g/t from 137m, is sparsely drilled and remains open. Lydia East is a smaller, approximately 150m-long system near surface, dipping about 48 degrees southwest, with limited drilling below the current mineralised zone and possible extensions to the southeast.
Resource modelling is the next test
The company says the new holes are not included in the Lydia Mineral Resource Estimate announced on 25 June 2026, which stood at 55,000 ounces at 1.78g/t gold. That makes the immediate significance of the results prospective rather than booked: the grades and continuity may inform future modelling, but they have not yet changed the published resource or an Ore Reserve.
Infill drilling and step-out work are continuing at Lydia Main’s down-plunge extension, the deeper northern position at Lydia South and the depth and southeastern extensions at Lydia East. The results are also intended to support mining studies, while separate geotechnical and hydrogeological work is being undertaken to inform pit-wall stability and groundwater modelling. The next meaningful milestone is therefore not another isolated high-grade assay, but whether drilling converts these open positions into sufficiently continuous mineralisation for the resource model.
Bottom Line?
The headline grades are encouraging, but Lydia’s value will depend on continuity, true widths and how much of the open mineralisation can be incorporated into a mineable resource.
Questions in the middle?
- How much additional mineralisation will the current drilling add to the 55,000-ounce Lydia resource?
- Will Lydia Main’s down-plunge continuity support a meaningful extension to the planned mine studies?
- Can the shallow Lydia South and Lydia East zones translate into economically useful additions near Crown Prince?
