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Godolphin ready to test

full stable

ew Godolphin Resources Ltd manag- ver anomalies and when subsequent RC the area, so the community understands
Ning director Jeneta Owens is excited drilling outside the resource returned hits mining.”
about the large land package of underex- of 8m @ 2.7 g/t gold and 118 g/t silver Lewis Ponds is just one project in a
plored opportunities which lies in front of and 8m @ 2.85 g/t gold and 30 g/t silver, portfolio which covers 3,200sq km of the
the company. it confirmed the new interpretation. Lachlan Fold Belt. Much of the ground
Owens took up the role in June and Owens and the exploration team are has missed out on modern exploration,
has been tasked with identifying prior- now considering a new geological model according to Owens.
ity prospects within Godolphin’s bulging for the project. “It’s not just Lewis Ponds, the entire
portfolio of assets around Orange in New “We are not saying it isn’t a VMS but tenement package is underexplored with
South Wales. there is something interesting there,” she lots of opportunity in different terrains,”
At the top of the list is the Lewis Ponds said. “Instead of a folded mineralised she said.
project where the company launched trend to a series of stacked lodes.” Therein lies the opportunity and major
a follow-up RC drilling programme de- The current drill programme will begin task ahead for Godolphin.
signed to further understand the known to test the new interpretation. “We have the most prospective area
gold mineralisation. While there is evi- “We want to expand the resource and in NSW, but we need to be exploring it,”
dence of historical gold production, the have another look at the geological mod- Owens said. “The plan is to rapidly ex-
project has latterly been considered pro- el to make sure we are covering all bas- pedite the regional exploration because
spective for zinc and lead. es,” Owens said. “We did the most recent we have so many prospects. We need to
“Lewis Ponds was identified as a quick resource in February, but we have got an test them, rank them and come up with
opportunity straight after listing because entirely new team, so we need to make priorities.
there was visible lead and zinc at surface sure we make steps forward by looking “This won’t just be desktop studies, we
and was considered a VMS,” Owens told at all the data.” are going to be doing more on-ground
Paydirt. Backing up the indications from drilling work. People tend to assume all the
Godolphin released an inferred re- is Lewis Ponds’ setting. The project is known deposits at surface have been
source of 6.2mt @ 2 g/t gold, 80 g/t sil- just 20km along a broad structural zone found, that is not the case, there is still
ver, 2.7% zinc, 1.6% lead and 0.2% cop- from the 2.3 moz gold McPhillamys pro- opportunity for surface mineralisation in
per for Lewis Ponds in February but the ject being developed by Regis Resourc- NSW.”
exploration team is beginning to turn its es Ltd and sits in the same district as the Among the priorities will be the Gun-
attention from base metals to gold. massive Cadia gold-copper operation. dagai North and South projects, host to
“There hadn’t been much work done Owens said location had corporate as significant historical gold production.
on the gold but once we assayed for it, well as geological advantages. Both projects returned promising soil
we came up with a new interpretation,” “We are in the fortunate position of and rock chip sampling results but are
Owens said. being in a community which is generally yet to be drilled by Godolphin.
A soil survey in the second half of 2020 very accepting of mining,” she said. “Ca- “We plan to drill at Gundagai North
highlighted previously untested gold-sil- dia, Brown Creek, McPhillamys are all in with potentially a few holes at Gundagai
South,” Owens said.
At Copper Hill East – sandwiched
between Cadia and Alkane Resources
Ltd’s recent Boda gold-copper discovery
– Godolphin is on the hunt for copper-
gold porphyry mineralisation.
Soil anomalies extend 7km in strike
length with a strong coincident magnetic
anomaly badged the Turrawonga pros-
pect having already received four holes
with best hits of 32m @ 0.29 g/t gold and
0.13% copper and 30m @ 0.64 g/t gold
and 0.04% copper.
“Those results suggest we are on the
margins of a porphyry,” Owens said. “We
are currently doing a geochemical trace
element study and will drill there before
the end of the year.”
– Dominic Piper

Godolphin finds itself ideally located among the established and recently discovered
world-class orebodies of NSW

aUSTRaLIa’S PaYDIRT SePTeMBeR 2021 Page 61