Godolphin Resources Limited (ASX:GRL) has completed 15 of 25 holes in the 1,500-metre diamond core drill campaign at its Narraburra Rare Earth and Rare Metals project, located in Central West NSW.
The drill program is on track to finish by the end of October 2022, with a JORC 2012 estimate expected to be reported in Q1 2023.
The strategic shift to diamond core drilling at the project has mitigated against any delays or disruptions faced due to ongoing inundation weather events in the region.
Managing Director Ms Jeneta Owens said: “The company has made very pleasing progress at Narraburra over the last few weeks and is confident that exploration activities will not be delayed or affected by current wet weather events threatening the central west NSW region.
“The strategic pivot towards diamond drilling and away from the originally proposed aircore program will provide sufficient core samples that can be used in the Mineral Resource Estimate upgrade at the Project, while testing resource potential at depth.
“Additional core will be used for metallurgical test work towards the end of 2022, to determine a potential development pathway for the asset.
“The Board and management look forward to providing additional updates on the completion of the drill program over the coming weeks, as well as first assay results from the August 2022 campaign.”