There is buzz in the gold fields of Western Australia - and for good reason. ASX-listed New Murchison Gold (ASX:NMG) has hit a significant milestone in the latest diamond drilling campaign at the Crown Prince Gold Deposit. The Company has released the assay results from the highly anticipated deep diamond hole, confirming the underground potential at the Project.
New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”) has today announced an update on diamond drilling activities at the Crown Prince Gold Project (Crown Prince) at the Company’s flagship Garden Gully Gold Project near Meekatharra, Western Australia.
The Company has recently finalised a deep diamond drilling program consisting of 13 holes targeting mineralisation down plunge from the south-eastern and northern zone of mineralisation. The target is outside the current Mineral Resource Estimate envelope.
Alex Passmore, NMG’s CEO, commented: “We are delighted to announce an amazing headline grade for the visual gold intercept which we reported to the ASX in March which equates to a gold grade in excess of 550 troy ounces Au per tonne.”
“Together with new information from the surrounding drill holes we also have strong confidence in the mineralising structure persisting at depth. We look forward to progressing our understanding of a potential underground mining operation following the commencement of open pit operations at Crown Prince. We are well advanced in the development schedule and planning for Crown Prince and are awaiting final approvals from DWER and DEMIRS ahead of site operations commencement”.
Interview Opportunities:
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Alex Passmore - CEO, New Murchison Gold
Full announcement here
About us:
ABOUT NEW MUCHISON GOLD
New Murchison Gold Ltd (ASX:NMG) is a mineral exploration and development company which holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia.
The Company is focused on the Garden Gully Gold Project which comprises a 677km2 tenure package covering the Abbotts Greenstone Belt and other key regional structures. The project has multiple gold deposits along the belt with the most advanced being the Crown Prince Deposit.
Gold mineralisation in the belt is controlled by major north trending structures and contact zones between felsic and mafic metamorphosed rocks.
NMG updated its Mineral Resource Estimate in November 2024 and reported a maiden Ore Reserve and Feasibility Study for the Crown Prince Deposit in February 2025. This places NMG on track towards becoming a gold producer.
Contact details:
Further Information
Name: Jane Morgan
Title: Investor and Media Relations - New Murchison Gold Limited
Phone: + 61 (0) 405 555 618
Email: [email protected]