New Murchison Gold Limited’s Grade Control Drilling Yields High-Grade Gold Intercepts at Crown Prince, Bolstering Its $157M Market Cap Opportunity
Wednesday, May 28, 2025
at
8:21 am
New Murchison Gold Limited reported high-grade gold intercepts from grade control drilling at its Crown Prince project near Meekatharra, Western Australia. The strong results support its open pit design and boost confidence in the company’s pathway toward gold production, sparking growing investor interest.
New Murchison Gold Limited has released encouraging drilling results from its Crown Prince Gold Project, part of the flagship Garden Gully Gold Project near Meekatharra, Western Australia. The company’s initial phase of a grade control drilling program has returned high-grade gold intercepts from 101 reverse circulation drill holes, which are designed to infill the resource ahead of a potential open pit mining operation. The announcement highlights a series of strong drill intersections in both the Main Zone and the South-Eastern Zone, including standout results such as 4 meters averaging nearly 41 g/t Au and other intervals reporting up to 67.57 g/t over 10 meters. These high assay values were recorded from depths between the surface and 83 meters, underscoring the project’s promise in delineating and confirming a continuous high-grade gold mineralized structure beneath the saprolite and cap rock.
The technical data provided supports previous findings from resource drilling and further underlines the robust nature of the mineralization at Crown Prince. The grade control drilling program, which will see a total of 330 drill holes once fully completed, is integral to establishing the extent and consistency of the ore body. The results have been independently verified by a competent person and follow industry best practices in sample collection, preparation, and assay analysis, using international standard procedures such as 50-gram fire assays with ICP-OES analysis. This detailed technical disclosure emphasizes the company’s methodical approach toward building confidence in its high-return open pit mining proposition.
Bullish sentiment from the news is rooted in the positive drilling intercepts that mirror previous resource estimates, reinforcing the potential for a high-grade, economically viable deposit. For beginner traders, this strengthens the investment case as the continuity and quality of the mineralisation suggest that an expanded resource and eventual production could drive future value. On the other hand, a bearish perspective might note that the project remains in an early stage of exploration. Despite the robust data, further drilling is required to confirm true widths and assess the full economic potential, and as with all early-stage miners, there is inherent risk linked to exploration outcomes and gold price fluctuations.
Overall, the drilling results add significant technical credibility to New Murchison Gold Limited’s Crown Prince project, presenting a promising near-term catalyst while also highlighting the cautious steps still required to confirm an economically viable mining scenario.