Perth, Western Australia – New Murchison Gold Limited (ASX:NMG) is pleased to report outstanding high-grade gold intercepts from its ongoing grade control drilling at the Crown Prince Gold Project, part of its flagship Garden Gully Gold Project near Meekatharra in Western Australia.
Recent reverse circulation ("RC") drilling results have confirmed the presence of a significant high-grade gold zone within the top 0–50 metre depth range beneath the cap rock, in support of early-stage mine planning for the proposed open pit operation.
Crown Prince is a high-grade gold deposit within New Murchison Gold’s Garden Gully Project is located 22 kilometres north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road.
NMG is undertaking a grade control drilling program at Crown Prince to infill resource estimation drilling ahead of mining. A total of 330 inclined grade control drill holes have been designed to test and better delineate grade below the lateritic cap rock above the Crown Prince ore body. Assay results received to date are only from the first 101 holes.
Alex Passmore, CEO of New Murchison Gold, said:
“We are pleased to report high gold grades from this round of grade control drilling which adds further confidence to the mining proposition at Crown Prince in addition to the recently announced high-grade caprock results. The mineralised zones and grades defined by our grade control programs so far are confirming our expectations on a high grade, high return open pit proposition.”
The Crown Prince deposit is located 22km north-west of Meekatharra, within a highly prospective greenstone belt that has seen historical production and ongoing modern exploration success.
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:
Jane Morgan
Investor and Media Relations
[email protected]
