New Murchison Gold Limited (ASX:NMG) has reported significant findings from its recent drilling activities at the Lydia Gold Prospect in Western Australia. The company revealed high-grade gold results that bolster the prospect’s potential to enhance its production pipeline at the nearby Crown Prince Gold Mine.
This development follows a comprehensive drilling program aimed at extending and defining gold mineralisation within the Lydia shear zone. Situated approximately 800 metres west of the Crown Prince operation, the drilling included 33 reverse circulation (RC) holes covering 2,920 metres, along with three diamond holes totaling 281.5 metres. Additionally, five geotechnical holes were drilled to assess planned pit walls for a proposed open pit design at Lydia.
The results have been promising, with multiple high-grade intercepts reported, including:
– 3 metres at 32.9 grams per tonne (g/t) Au from 46 metres, featuring 1 metre at 62.4 g/t Au in hole NGGRC1094
– 9.1 metres at 10.3 g/t Au from 89 metres, including 1 metre at 24.6 g/t Au in hole NGGDD1144
– 8 metres at 9.1 g/t Au from 20 metres, including 4 metres at 16.7 g/t Au in hole NGGRC1309
– 21 metres at 3.4 g/t Au from 117 metres, including 1 metre at 8.4 g/t Au in hole NGGRC1109
– 12 metres at 5.5 g/t Au from 48 metres, including 4 metres at 14.6 g/t Au in hole NGGRC1307
These drilling efforts have successfully extended the strike and depth of the main mineralised structure, confirming high-grade gold mineralisation within a shear zone that shares geological characteristics with the Crown Prince deposit.
Lydia is situated on granted mining lease M51/889, which is governed by the same Native Title and Heritage Agreement as the Crown Prince operations. This arrangement provides a clear regulatory pathway for potential development. In addition, the company has completed a ground gravity survey over the Lydia South shear, which has identified two significant gravity features that correlate with shallow high-grade gold intercepts.
Early drilling results from the Lydia East prospect have also been positive, prompting plans for follow-up infill and deeper drilling.
Alex Passmore, CEO of New Murchison Gold, stated, “We are very pleased to provide this exploration update including high-grade results for the Lydia gold prospect. Lydia sits on a granted mining lease very close to the Crown Prince Operation. We believe we can leverage off existing infrastructure, including offices, a maintenance facility, crusher, and sampling preparation facility, to bring Lydia online relatively quickly. NMG is working towards including Lydia into its resources and reserves inventory.”
Moving forward, the company plans to update its mineralisation modelling, integrating these latest results into a JORC-compliant resource model. Additionally, the company aims to redesign a conceptual pit outline and conduct further infill and extension drilling across the Lydia South and Lydia East prospects.
About New Murchison Gold Limited:
New Murchison Gold Ltd is a mineral exploration and development company with a substantial portfolio of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia. The company focuses on the Garden Gully Gold Project, which encompasses a tenure package of 677 square kilometres covering the Abbotts Greenstone Belt and other significant regional structures. The project hosts multiple gold deposits, with the most advanced being the Crown Prince Deposit.
The company updated its Mineral Resource Estimate in November 2024 and reported a maiden Ore Reserve and Feasibility Study for the Crown Prince Deposit in February 2025. This positions New Murchison Gold on a positive trajectory towards becoming a significant gold producer.
