New Murchison Gold Says Resource Extension Drilling at Western Australia Gold Project Returns High-Grade Gold; Shares Up 5%

MT Newswires Live09:35

New Murchison Gold (ASX:NMG) said near-mine resource extension drilling at the Crown Prince gold mine returned a significant high-grade gold intersection at the Garden Gully gold project in Western Australia, according to a Thursday Australian bourse filing.

A reverse circulation drill hole returned 14 meters at 231.67 grams per tonne grade of gold from 80 meters, and visible gold was identified in drill chips from the high-grade interval. The intersection is located beneath the Crown Prince final open-pit shell.

A surface reverse circulation drill returned three meters at 14.9 g/t grade of gold from 181 meters and four meters at 13.5 g/t grade of gold from 192 meters.

Its shares rose 5% in recent trading on Thursday.

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