New Murchison Gold (ASX: NMG)
Announced high-grade gold intercepts from recent grade control and resource definition drilling programs at the Cloudkicker deposit.
The drill programs have returned positive assay results that confirm the shallow, high-grade gold mineralisation present at Cloudkicker.
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New Murchison Gold vista – Credits New Murchison Gold
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| New Murchison Gold | ASX: NMG | |
| Stage | Development | |
| Metals | Gold | |
| Market cap | A$478 million @ A$0.44 | |
| Location | Murchison, Western Australia | |
| Website | www.newmurchgold.com.au |
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NEW MURCHISON HIGH-GRADE GOLD INTERCEPTS AT CLOUDKICKER DEPOSIT
New Murchison Gold Limited (NMG or the Company) is pleased to announce high-grade gold intercepts from recent grade control and resource definition drilling programs at the Cloudkicker deposit.
The drill programs have returned positive assay results that confirm the shallow, high-grade gold mineralisation present at Cloudkicker.
These areas are higher grade and better widths than seen in the recent resource
estimation. Cloudkicker is adjacent to the existing Crown Prince open pit although considered a separate deposit.
It was included in the M51/886 mining approval allowing for mining to commence immediately.
Best intersections from this drilling program include:
• 10m @ 13.61g/t Au from 44m incl. 3m @ 32.17g/t Au from 46m in CKGC020
• 9m @ 9.31g/t Au from 3m incl. 3m @ 14.30g/t Au from 3m in CKGC015
• 8m @ 9.22g/t Au from 62m incl. 3m @ 14.32g/t Au from 67m in CKRD017
• 7m @ 8.70g/t Au from 55m incl. 1m @ 38.30g/t Au from 59m in CKGC045A
• 1m @ 54.80g/t Au from 58m in CKGC062
• 8m @ 6.47g/t Au from 60m incl. 3m @ 12.87g/t Au from 60m in CKRD008
• 9m @ 5.86g/t Au from 72m incl. 3m @ 10.27g/t Au from 75m in CKRD008
• 5m @ 7.33g/t Au from 91m incl. 1m @ 11.10g/t Au from 91m in CKRD022
• 7m @ 5.00g/t Au from 72m incl. 2m @ 10.38g/t Au from 73m in CKRD019
• 8m @ 4.13g/t Au from 0m in CKGC018
• 4m @ 7.76g/t Au from 58m incl. 1m @ 22.90g/t Au from 60m in CKGC045
Ore zones at Cloudkicker are divided into domains (4000 series) for modelling. The shallow intercepts have extended caprock mineralisation and have added data to domains 4001-4005 with a particular focus on domain 4001.
Domain 4001 is the most significant ore zone in the Cloudkicker deposit as it has the highest grade and the largest volume. Latest drilling results have shown that domain 4001 is more continuous than previously modelled.
Multiple standout assay results included 54.8g/t Au in CKGC062 at 58m, 52.6g/t Au in CKGC020 at 59m and 38.3g/t in CKGC045A at 59m. Additionally, high grade shallow intercepts in the caprock were intercepted, including 16.6g/t in CKGC015 at 5m.
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Alex Passmore NMG’s CEO commented:
“We are very pleased to report these high grade results that will likely increase the grade and tonnage within the Cloudkicker deposit from the initial modelling.
“The deposit is within the footprint of our existing operations (mineralisation strikes up to the margin of our final waste dump design) and so provides relatively easy additional ounces to be brought into our production profile.
“Production from Cloudkicker can be brought online with very little additional resourcing on site and so presents a high return project.
“Mining has commenced and first caprock ore is to be crushed in September 2026.”
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To read the full news release please click HERE
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Disclosure
At the time of writing the author holds shares in New Murchison Gold.
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