Godolphin Resources (ASX:GRL) reports it has completed a 1,111.5m diamond drilling (DD) campaign at the Narraburra Rare Earth and Rare Metals Project in New South Wales.
The New South Wales based mineral exploration company notes that the drilling program consisted of 27 drillholes and was designed to test resource potential within and outside previously defined mineralisation, as well as deliver an updated Mineral Resource Estimate (MRE).
The updated JORC 2012 MRE is scheduled to be delivered by Q1 2023.
Sampling of the drill cores is currently ongoing and it is expected that the remaining core samples will be submitted for assaying shortly.
Speaking on the drilling campaign, Godolphin Resources Managing Director, Jeneta Owens said: “It is very pleasing to have completed the diamond drill program at Narraburra, despite the ground conditions caused by ongoing weather events in NSW. It is a major achievement for the company to achieve this important milestone.
“It is very pleasing to have completed the diamond drill program at Narraburra, despite the ground conditions caused by ongoing weather events in NSW. It is a major achievement for the company to achieve this important milestone”
Following an ongoing review with our on-ground exploration team, management made the decision to add two additional holes to the campaign. The two new holes were designed to twin drillholes by previous explorers, which can provide the confidence to include the historical data in an updated JORC 2012 Mineral Resource Estimate.
We continue to work diligently through the data associated with the drill program and have made great progress to date on sampling the drill cores. We will shortly submit all core for geochemical assays. Additionally, work to compile the results from our phase one drill program completed in August 2022 at Narraburra is progressing well and we look forward to providing additional updates when complete.”
Godolphin Resources also notes that rare earth element (REE) and rare metals (RM) mineralisation encountered throughout the drilling is open at depth and requires further delineation in all directions, as announced by the company earlier this month.
Godolphin Resources is an ASX-listed resources company with 100% controlled Australian-based projects hosted in New South Wales’ world-class Lachlan Fold Belt. The company’s Narraburra Rare Earth Element project is located about 340km west of the state capital city of Sydney and comprises two tenements (EL/8420 and EL/9258) that cover a total land area of 349km-square.
The project currently boasts a previously reported JORC 2004 compliant inferred resource of 73.2 million tonnes at 1250g/t ZrO2, 327g/t REO, 146g/t Y2O3, 126g/t Nb2O5, 45g/t HfO2, 54g/t Ga2O3 and 118g/t Li2O and was defined by the previous owner, ASX-listed Capital Mining (ASX:CMY).
With the recent DD campaign now complete, Godolphin Resources announces that first assays from the phase one Narraburra drilling campaign, completed in August this year are being compiled and will be announced in the near term.
Images: Godolphin Resources Ltd