New Murchison Gold Limited Reports Robust Grade Control Drilling Results at Crown Prince – High-Grade Gold Intercepts Bolster $175M Explorer’s Outperformance Outlook

Friday, July 4, 2025
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8:20 am
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New Murchison Gold Limited reports robust high‐grade intercepts from its Crown Prince deposit at the Garden Gully Project. The final grade control drilling confirms mineralization continuity, suggesting the potential to outperform base forecasts and strengthening progress toward mining readiness.

New Murchison Gold Limited has reported encouraging results from its reverse circulation grade control drilling program at the Crown Prince Gold Project, located near Meekatharra in Western Australia. The drilling campaign, which focused on delineating the Main and Northern ore bodies and parts of the South-Eastern Zone, produced high-grade gold intercepts that reinforce the continuity of the mineralized structures beneath the cap rock. Among the standout results were intercepts such as 7 meters averaging 8.55g/t gold (including a 1-meter interval at 40.68g/t), 26 meters at 3.67g/t gold with a 2-meter interval reaching 42.3g/t, and a 20-meter intercept averaging 15.09g/t gold with 4 meters at 47.08g/t. Other notable intersections include 7 meters at 17.64g/t gold (with 2 meters at 48.65g/t) and shorter high-grade zones that both confirm and extend previous resource drilling outcomes. The program, designed to infill resource estimates ahead of mining, involved 342 RC drill holes targeting the grade control area beneath the lateritic cap rock to a vertical depth of approximately 50 meters. The results have led management to update their resource and grade control models, suggesting that the Crown Prince deposit could outperform base case forecasts. CEO Alex Passmore emphasized that the improved grades from the Main and Northern ore bodies are a strong indicator of potential operational success as the project moves closer to production. Additionally, the company is planning a new deep drilling program to further assess the underground potential in the central and eastern parts of the Southern Zone. From a technical perspective, the drilling was methodically logged with detailed assay results and cross-sectional mapping, ensuring robust data for estimating mineralization continuity. The results were achieved using industry-standard reverse circulation techniques and validated through rigorous quality control and duplicate sampling procedures. The recent news injects bullish sentiment into the narrative for New Murchison Gold Limited. The confirmation of high-grade, continuous mineralization supports a positive outlook for the forthcoming mining phase and enhances the project's value proposition, particularly for investors with an interest in gold exploration and production. On the other hand, some risks remain due to challenging ground conditions and historical voids associated with past mining activity in the area, which may require careful management as the project advances. Overall, the technical results serve as a strong indicator of potential upside, marking a promising step forward for the company.

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