Godolphin targeting gold-silver opportunity at Lewis Ponds

GODOLPHIN Resources is assessing the merits of a potential gold and silver opportunity at its Lewis Ponds ground near Orange in New South Wales.
Godolphin targeting gold-silver opportunity at Lewis Ponds Godolphin targeting gold-silver opportunity at Lewis Ponds Godolphin targeting gold-silver opportunity at Lewis Ponds Godolphin targeting gold-silver opportunity at Lewis Ponds Godolphin targeting gold-silver opportunity at Lewis Ponds

Godolphin's Lewis Ponds project in NSW

A new estimate at the previously-conceived base metal prospect has come with an inferred resource of 5.8 million tonnes grading 2.1 grams per tonne gold and 83gpt silver, as well as 2.7% zinc, 1.6% lead and 0.2% copper.

Drilling is now underway targeting increased confidence-in and additions-to the resource, as well as provide samples for met-work.

Godolphin raised A$3.5 million in new funding in November when it issued new shares priced at 24c each.

The company was a spin-out from Ardea Resources that listed in December 2019 following a $7.5 million IPO.

Shares in Godolphin were up 8% to 26c in afternoon trade, capitalising the company at $22 million.

The stock fell as low as 10c last March.