New Murchison Gold Limited Confirms High-Grade Gold Intercepts (Up to 195.79 g/t Au) at Crown Prince, Bolstering Production Prospects for their $167m Flagship Garden Gully Project

Friday, June 13, 2025
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New Murchison Gold Limited reports further high-grade gold intercepts at its Crown Prince Project, reinforcing confidence in a high-return open pit mining opportunity. Advanced grade control drilling supports a promising path toward enhanced production prospects.

New Murchison Gold Limited has announced significant additional high‐grade gold intercepts from its reverse circulation grade control drilling program at the Crown Prince Gold Project, part of its flagship Garden Gully Gold Project near Meekatharra, Western Australia. The company completed its grade control drilling over the early mining benches designed for an open pit and has now finalized a program of 330 inclined drill holes, with the latest 149 holes complementing an earlier batch of 101 holes reported in late May 2025. The new results show numerous impressive intervals, with some highlights including a 10‑metre intersection averaging 6.96 grams per tonne of gold, featuring a 1‑metre section at over 56 grams per tonne; an exceptional 2‑metre intercept recording nearly 196 grams per tonne; and several other zones registering multi‐metre intersections with grades in the mid‐double digits. These technical results further support the continuity of mineralized structures beneath the lateritic cap rock and replicate high-grade assay levels that were previously observed during resource drilling. The drilling program, carried out using reverse circulation methods with samples collected in one‑metre intervals and processed using industry‑standard fire assay techniques, was designed to infill resource estimation ahead of mining. The detailed technical data, which have been compiled and cross-checked according to JORC Code standards, indicate a robust continuity of mineralization in both the central and eastern sections of the South-Eastern Zone. The extensive assay data along with accompanying maps and cross sections provide further clarity for the design of the proposed pit, reinforcing the company’s confident stance on the open pit mining proposition. Market sentiment is likely to be divided. On the bullish side, investors may be encouraged by the high-grade intercepts and the demonstrated technical continuity, which give added confidence in the mining potential at Crown Prince. The replication of results from earlier resource drilling and the comprehensive data package help reduce some of the technical uncertainties that often surround early-stage exploration projects. Conversely, a cautious view may be held by those who note that the project is still in the exploration and development phase and that the forward-looking statements are subject to inherent exploration risks. Overall, while the promising assay results bolster the prospects of the project, the inherent uncertainties of early-stage mining development suggest a measured approach for potential investors.

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