Golden Dragon Mining has hit more high-grade gold close to surface at its Behring Bore prospect, part of the company’s Cue gold project in Western Australia’s prolific Murchison goldfields.
The second phase of reverse circulation drilling at the prospect successfully intersected a northeast-trending quartz lode, delivering a solid 4-metre hit grading 5.3 grams per tonne (g/t) gold from just 44m. The high-grade core sits within a broader 20m mineralised envelope going 1.57g/t gold.
Other notable results from the 26-hole, 2102m campaign include an 8m section at 2.92g/t gold from a shallow 20m, featuring a richer 4m interval at 5.5g/t gold. Another hole returned 12m at 1.07g/t gold from 80m, including 4m at 2.13g/t gold.
Golden Dragon says the gold is hosted within the upper portion of an altered, pyritic dolerite and associated high-grade quartz lodes. Management indicated that the latest 4-metre hit at 5.3g/t gold is the same vein intersected in its maiden drill campaign, which returned 4m at 4.36g/t gold.
Drilling confirmed high-grade lodes within a broad mineralised zone and has built strong geological confidence in a continuous gold system. Behring Bore remains open to the north, south and east with multiple drill lines also ending in mineralisation - in short, a highly compelling target area for the upcoming exploration phase.
Adding another layer of intrigue, the prospect sits just 400m east of the company’s Coodardy prospect, which previously lit up with significant high-grade gold as well, potentially pointing to a much bigger, coherent gold-bearing system.
Recent drilling at Coodardy returned a headline-grabbing hit of 12m at 6.5g/t gold from 44m, including a richer 4-metre section grading an impressive 17.6g/t gold. The hit followed an earlier screamer of 4m at 21.37g/t gold within a wider 8m intercept at 10.82g/t.
Behring Bore is rapidly emerging as a standout gold prospect, with these latest results further confirming the scale of this growing system. Importantly, the identification of northeast-trending quartz lodes opens a new and highly prospective exploration corridor, which we are also seeing at Coodardy.
The Cue project sits within the Archean Watagee Hill Greenstone Belt, a Tier-1 gold province that has delivered a string of significant deposits.
Golden Dragon has also been making some shrewd moves in the region, recently lodging a new exploration licence application right on the fence line of Westgold’s revered 2.3-million-ounce Big Bell gold mine.
Once granted, the application will extend the company’s exposure to the significant Big Bell shear zone by another 6.5km and boost its contiguous landholding in the area to 619 square kilometres.
With a drill rig already secured for early July, the company says it’s keen to get back on the ground to follow up on its success. The upcoming program will target both the Behring Bore and Coodardy prospects.
With consistent high-grade hits now coming from two adjacent prospects, a dominant land position in serious elephant country and with drill rods about to start turning, Golden Dragon is methodically building a compelling case in the Murchison.
The market will no doubt be watching to see if the two prospects come together as part of a much larger, interconnected gold system.
Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au
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