New Murchison Gold Encounters Visible Gold in Crown Prince Drilling

THE DRILL SERGEANT: New Murchison Gold (ASX: NMG) has been encouraged by what it has seen from recent diamond drilling undertaken at the Crown Prince gold project within the company’s Garden Gully gold project near Meekatharra, Western Australia.

New Murchison Gold is in the midst of drilling a series of deeper diamond holes targeting mineralisation down plunge from the south-eastern zone of mineralisation outside the current mineral resource estimate envelope.

Diamond hole NGGRCDD974 intersected a strong zone of alteration and shearing at 251.5m down hole which, New Murchison interpreted to be at the target zone.

At 252m an obvious zone, visible, vein hosted dendritic native gold was encountered.

The company acknowledged that assays were weeks away but couldn’t wait to get news out of the visual indications it said were highly encouraging, and material, in relation to the likely extension of the resource envelope.

“While we caution that assays are awaited from Diamond Hole NGGRCDD974 we are pleased to report the strong visual indications of mineralisation in a key extensional area for the Crown Prince resource,” New Murchison Gold CEO Alex Passmore said in the company’s ASX announcement.

“We look forward to further updating the market on the assay results and what the broader results are from this deeper drilling program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE