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Godolphin confirms broad NSW copper-gold porphyry at Goodrich
Australia💼 Business27 days ago

Godolphin confirms broad NSW copper-gold porphyry at Goodrich

Godolphin Resources has reported significant findings from drilling at its Goodrich project in central New South Wales, indicating the presence of a potentially large copper-gold porphyry deposit. The latest assay results show a 136.55-meter intercept with grades of 0.32% copper, 0.16 grams per tonne gold, and 43 grams per tonne molybdenum, suggesting a substantial mineralized system. Additional high-grade intervals were identified, including a 5-meter segment with 0.66% copper and 0.49 grams per tonne gold. The discovery includes classic geological indicators such as gossanous outcrops, reinforcing the area's potential for base and precious metals. Godolphin holds a 49% interest in the project, while its Canadian partner, Great Plains Metals, has opted to increase its stake to 70% by investing an additional $1 million in exploration.

Olympio Metals has made significant progress in its exploration efforts at its Bousquet gold project in Quebec, Canada, following the successful completion of the first drill hole in its Phase 3 drilling program. The initial hole returned a high-grade intercept of 5 metres grading 4.54 grams per tonne (g/t) gold from 171 metres, including a 0.75-metre section grading 24.3 g/t gold. This result, along with a second intercept of 1.85 metres at 2.17 g/t gold from 208.65 metres, marks a key milestone in the ongoing evaluation of the project's potential. These findings add to a growing list of high-grade intersections, including a previously reported 19.4-metre interval grading 17.29 g/t gold, which included a 2-metre section with an exceptional grade of 109.51 g/t gold. The latest results appear to confirm the company's geological interpretations regarding the strike orientation of the mineralised system at the Paquin prospect. The first hole validated the company's assumption of a 300-degree strike orientation for the main lode, reinforcing the idea that the deposit could extend along a consistent trend. This is supported by the observation that the primary hit occurred 30 metres above a prior intersection of 6.4 metres grading 6.54 g/t gold, indicating continuity within the lode. The company has also collected down-hole televiewer data from 11 holes at Paquin and Amadee, yielding over 6,000 structural readings. These data will be used alongside the remaining Phase 3 assays to refine the geological model and improve future drill targeting. Olympio's management expressed optimism about the implications of these results. Managing Director Sean Delaney noted that the company's success rate in the 44 holes drilled so far continues to build confidence that the Bousquet project represents a substantial mineralised system. He stated, "We continue to hit high-grade gold from our drilling at Bousquet and our success rate in the 44 holes drilled to date continues to give us confidence that this is a large mineralised system." The company plans to release assays from the remaining four holes in the coming weeks, following which it will resume a surface geochemical sampling campaign aimed at identifying new drill targets and refining its next phase of exploration. Geologically, the Bousquet project is located within the Abitibi Greenstone Belt, one of the world's leading Archean gold provinces. Gold occurs in smoky quartz-carbonate veins hosted in shear zones, with the Cadillac Break acting as a major conduit for mineralising fluids. The project is situated within 15 kilometres of Agnico Eagle's La Ronde mine and IAMGOLD's Westwood operation, both of which are among Canada's largest gold producers. The proximity to established mines underscores the region's significance as a hub for gold exploration and production. Infrastructure at Bousquet is equally robust, featuring year-round highway access, rail, and hydroelectric power. These logistical advantages position the project well for future development, should the current exploration successes translate into a viable resource. As Olympio continues to advance its understanding of the Bousquet system, the company remains focused on integrating its high-grade intersections into a contiguous resource that could support long-term mine operations.

3 reports

The Sydney Morning Herald logoThe Sydney Morning HeraldIndependentCenterFactual 50Objective 8527 days ago
Olympio builds Quebec gold system with more solid drill hits

Olympio Metals has reported promising results from its Phase 3 drilling program at its Bousquet gold project in Quebec, Canada. The initial drill hole intersected 5 meters grading 4.54 grams per tonne (g/t) gold, including a 0.75-meter segment at 24.3 g/t gold, indicating strong potential for a larger gold system. This follows prior discoveries such as a 6.4-meter interval at 6.54 g/t gold, suggesting continuity in the mineralized zone. The company plans to assess additional data, including structural readings from 11 drill holes, to refine their geological models and guide future exploration efforts. Olympio's management expressed confidence that the project could evolve into a substantial gold resource capable of supporting future mining operations.

Bias read (Center): The article focuses on a mining company's exploration activities and does not involve political figures, policies, or contentious issues. There is no indication of ideological framing or bias in the reporting.

Why factuality (50): Like article 4, this article discusses a completely unrelated topic involving Olympio Metals and a gold discovery in Quebec, not the MOU between Western Power and Northern Star regarding power resilience in Kalgoorlie-Boulder. It contains no factual information about the primary source document.

Why objectivity (85): The article presents factual information about a different event but does so in a neutral tone without editorializing or bias.

The Age logoThe AgeIndependentCenterFactual 50Objective 857/30/2026
Godolphin confirms broad NSW copper-gold porphyry at Goodrich

Godolphin Resources has announced significant copper-gold porphyry mineralization discoveries at its Goodrich project in New South Wales, based on recent drilling results. The assays revealed a 136.55-meter intercept containing 0.32% copper, 0.16 grams per tonne gold, and 43 grams per tonne molybdenum, along with multiple high-grade intervals. These findings suggest the presence of a large-scale mineralized system beneath historical workings. The company also noted the identification of gossanous outcrops and a rich contact zone with notable metal values. Godolphin maintains a 49% interest in the project, while its Canadian partner Great Plains Metals plans to increase its stake through additional investment.

Bias read (Center): The article presents factual information about geological findings and corporate developments related to mining operations. It does not engage with politically charged issues, nor does it take a clear ideological stance. The tone remains neutral, focusing on technical data and business strategy.

Why factuality (50): The article discusses a completely unrelated topic involving Godolphin Resources and a copper-gold discovery in New South Wales, not the MOU between Western Power and Northern Star regarding power resilience in Kalgoorlie-Boulder. It contains no factual information about the primary source document.

Why objectivity (85): The article presents factual information about a different event but does so in a neutral tone without editorializing or bias.

The Sydney Morning Herald logoThe Sydney Morning HeraldIndependentCenterFactual 50Objective 857/30/2026
Godolphin confirms broad NSW copper-gold porphyry at Goodrich

Godolphin Resources has reported significant findings from drilling at its Goodrich project in central New South Wales, indicating the presence of a potentially large copper-gold porphyry deposit. The latest assay results show a 136.55-meter intercept with grades of 0.32% copper, 0.16 grams per tonne gold, and 43 grams per tonne molybdenum, suggesting a substantial mineralized system. Additional high-grade intervals were identified, including a 5-meter segment with 0.66% copper and 0.49 grams per tonne gold. The discovery includes classic geological indicators such as gossanous outcrops, reinforcing the area's potential for base and precious metals. Godolphin holds a 49% interest in the project, while its Canadian partner, Great Plains Metals, has opted to increase its stake to 70% by investing an additional $1 million in exploration.

Bias read (Center): The article focuses on a mining company's exploration success and does not involve any political figures, policies, or contentious issues. It provides factual information about mineral discoveries and corporate interests without apparent bias or ideological framing.

Why factuality (50): Like article 3, this article discusses a completely unrelated topic involving Godolphin Resources and a copper-gold discovery in New South Wales, not the MOU between Western Power and Northern Star regarding power resilience in Kalgoorlie-Boulder. It contains no factual information about the primary

Why objectivity (85): The article presents factual information about a different event but does so in a neutral tone without editorializing or bias.

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