Godolphin Resources has commenced diamond drilling at the Goodrich prospect, part of its Goodrich-Yeoval copper-gold project in New South Wales.

The historical Goodrich mine was worked during the mid-late 1800’s and comprised a small central open cut pit and numerous shafts.

The two-hole, 550m drill program will test areas south of historical workings to test for extensions to the copper-gold mineralisation.

It will also test targets below historical drilling that intersected copper and gold mineralisation.

Drilling is expected to be completed this month with assay results anticipated in Q3 CY2023.

Targets determined by combining old and new data

Following a visit in 2022 to the Londonderry Core Library, it was recognised that diamond drill holes from the Goodrich Prospect contained unsampled core with visible copper mineralisation.

Godolphin Resources’ (ASX:GRL) geologists also identified alteration assemblages confirming multiphase hydrothermal alteration within the unsampled core near the historic Goodrich mine workings.

“The drill program follows extensive planning, which followed a comprehensive review of ground magnetics, soil and rock chip programs, which were recently completed by the company’s exploration team,” Godolphin managing director Jeneta Owens said.

“Combining this new data, with the historic drill data and information gained from to the NSW Government-owned core library, has enabled the team to design drill plans to test for copper and gold in areas that have not yet been fully tested.

“As we continue to witness a strong transition towards green technologies and increasing copper demand, Godolphin has an exceptional opportunity with its high-calibre and 100%- owned copper projects.

“We look forward to providing updates as the drilling progresses over the coming weeks.”

This article was developed in collaboration with Godolphin Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.