New Murchison Gold Limited (ASX:NMG) has reported high-grade gold results from recent drilling at its Lydia Gold Prospect, reinforcing the project’s potential to become a near-term addition to the Company’s production pipeline at the Crown Prince Gold Mine in Western Australia.
The results follow a reverse circulation (RC) and diamond drilling program designed to extend and better define gold mineralisation within the Lydia shear zone, located approximately 800 metres west of the Crown Prince operation and on the same granted mining lease.
The drilling program comprised 33 RC holes for 2,920 metres, three diamond holes totalling 281.5 metres, and five geotechnical holes drilled into planned pit walls for a proposed Lydia open pit design.
Multiple high-grade gold intercepts were returned, including:
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3m at 32.9g/t Au from 46m, including 1m at 62.4g/t Au, in hole NGGRC1094
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9.1m at 10.3g/t Au from 89m, including 1m at 24.6g/t Au, in hole NGGDD1144
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8m at 9.1g/t Au from 20m, including 4m at 16.7g/t Au, in hole NGGRC1309
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21m at 3.4g/t Au from 117m, including 1m at 8.4g/t Au, in hole NGGRC1109
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12m at 5.5g/t Au from 48m, including 4m at 14.6g/t Au, in hole NGGRC1307
The drilling has extended the known strike and depth of the main mineralised structure and confirmed the presence of high-grade gold mineralisation within a shear zone that is geologically comparable to the Crown Prince deposit.
Lydia is located on granted mining lease M51/889 and is covered by the same Native Title and Heritage Agreement that governs Crown Prince operations, providing a clear regulatory pathway for potential development.
The Company has also completed a ground gravity survey over the Lydia South shear, identifying two prominent gravity features that correlate with shallow high-grade gold intercepts. Initial drilling at the Lydia East prospect has returned encouraging results, with follow-up infill and deeper drilling planned.
New Murchison Gold CEO Alex Passmore said the results support the Company’s strategy of building production optionality close to existing infrastructure.
“We are very pleased to provide this exploration update including high grade results for the Lydia gold prospect. Lydia sits on a granted mining lease very close to the Crown Prince Operation. We believe we can leverage off existing infrastructure (offices, maintenance facility, crusher, and sampling preparation facility) to bring Lydia online relatively quickly. NMG is working towards including Lydia into its resources and reserves inventory.”
Next steps at Lydia include updating mineralisation modelling, incorporating results into a JORC-compliant resource model, redesigning a conceptual pit outline, and undertaking further infill and extension drilling across the Lydia South and Lydia East prospects.
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:
For further information:
Alex Passmore – Chief Executive Officer
E: [email protected]
Jane Morgan – Investor and Media Relations
E: [email protected]
