New Murchison Gold (ASX: NMG)

Announced additional high-grade gold intercepts from reverse circulation (RC) grade control drilling beneath the cap rock zone at the Crown Prince Gold Project at the Company’s flagship Garden Gully Gold Project near Meekatharra, Western Australia.

 

 

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	New Murchison Gold	ASX: NMG
	Stage	Development
	Metals	Gold
	Market cap	A$157 million  @  A$0.16c
	Location	Murchison, Western Australia
	Website	www.newmurchgold.com.au

 

 

 

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NEW MURCHISON GOLD ADDITIONAL HIGH-GRADE GOLD FROM THE REMAINING GRADE CONTROL DRILLING AT CROWN PRINCE GOLD PROJECT

 

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New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”) is pleased to announce additional high-grade gold intercepts from reverse circulation (RC) grade control drilling beneath the cap rock zone at the Crown Prince Gold Project (“Crown Prince”) (M51/886) at the Company’s flagship Garden Gully Gold Project near Meekatharra, Western Australia.

Crown Prince is a high-grade gold deposit within NMG’s Garden Gully Project located 22 kilometres northwest of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road (Figure 1).

The drilling was designed over the Crown Prince pit design area to a maximum depth of 83m and drilled northerly over the Main Zone and north-westerly over the South-Eastern Zone (SEB). 

HIGHLIGHTS

High-grade gold assays in this announcement are mostly from the north-western part of the designed pit overthe Main and Northern ore bodies (MOB and NOB) and sporadic parts of the South-Eastern Zone (SEB) which were rescheduled in the drilling campaign due to difficult access and ground conditions at the time.

Significant intersections include:
• 7m at 8.55g/t Au from 34m, including 1m at 40.68g/t Au from 37m in GC00500 from 31m
• 26m at 3.67g/t Au from 23m, including 2m at 42.3g/t Au from 46m in GC00511
• 20m at 15.09g/t Au from 42m, including 4m at 47.08g/t Au from 53m in GC00519
• 7m at 17.64g/t Au from 35m, including 2m at 48.65g/t Au from 39m in GC00524
• 8m at 12.89g/t Au from 45m, including 3m at 31.2g/t Au from 45m in GC00525

Assay results greater than 1g/t Au are included in Appendix 1. Pleasingly, this grade control drilling supports the continuity of the mineralised structures at Crown Prince and replicates the grades returned previously from resource drilling.

 

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Alex Passmore, NMG’s CEO, commented:

“We are pleased to finalise the grade control program over the 0 to 50m vertical depth over Crown Prince ahead of mining. Resource and grade control models are being updated.

 

“The grades reported demonstrate a strong finish to the program with better-than-expected results at MOB and NOB. Overall, the grade control program has indicated that there may be an out performance above base case forecast when mining is undertaken.”

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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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