Drill rig onsite at the Mantons Prospect. Source: Godolphin
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Godolphin (GRL) recommences drilling at its Gundagai North and South projects in the Lachlan Ford Belt of New South Wales, following delays due to bad weather
  • Reverse circulation drilling across the Mantos, Big Ben and Surprise Hill North prospects is targeting historical gold workings and mapped quartz veins
  • The work program has been updated to include 12 holes, with five and a half completed so far
  • Drilling is scheduled for completion by mid-December, with assays expected in the first quarter of 2022
  • Shares have been trading 3.3 per cent higher at 15.5 cents

Following delays due to bad weather, Godolphin (GRL) has recommenced drilling at its Gundagai North and South projects in the Lachlan Ford Belt of New South Wales.

On November 26, the company announced it would postpone drilling due to “significant” weather events.

Godolphin said it can now safely resume work and following a review of targets and has updated its reverse circulation drilling program to include 12 holes covering 1975 metres.

The program is targeting historical gold workings and mapped quartz veins at its Mantons, Big Ben and Surprise Hill North prospects, with five and a half holes completed so far.

Initial results included visible quartz and sulphides at the Manton’s prospect and GRL has subsequently added two holes to test this area.

According to the company, its tenements host several historic gold and base metal workings, situated within a belt of basaltic rocks intruded by quartz-porphyry dykes.

Drilling is scheduled to be completed by mid-December and assays are expected in the first quarter of 2022.

Shares were trading 3.3 per cent higher at 15.5 cents at 1:22 pm AEDT.

GRL by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…