Golden Dragon extends WA gold charge with new Behring Bore hits
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Murray Region
Golden Dragon Mining has recovered higher-grade near-surface gold at its Behring Bore mine, part of the company’s Cue gold project in Western Australia’s prolific Murchison goldfields.
The second phase of reverse circulation drilling in the prospect area successfully intersected a northeast-oriented quartz vein, delivering a solid 4-metre strike at 5.3 grams per tonne (g/t) gold from just 44 metres. The high-grade core lies within a larger 20m mineralized envelope at 1.57g/t gold.
Other notable results from the 26-hole, 2,102m campaign include an 8m section from a shallow 20m surface at 2.92g/t gold and a richer 4m interval at 5.5g/t gold. Another hole returned 12m at 1.07g/t gold from 80m, including 4m at 2.13g/t gold.
Golden Dragon says the gold is hosted in the upper part of altered pyritic dolerite and associated high-grade quartz veins. Management stated that the latest strike of 4 meters of 5.3 g/t gold was the same as the vein intersected in the first drilling campaign, which returned 4 meters of 4.36 g/t gold.
‘Mineralisation has been confirmed in fresh rock and remains open to the east and south where drilling has not yet been done.’
Golden Dragon managing director Simon Buswell-Smith
Drilling confirmed high-grade ores within a broad mineralized zone and established strong geological confidence in a continuous gold system. The Behring Drill remains open to the north, south and east, and multiple drill lines are also resulting in mineralization; in short, an extremely interesting target area for the upcoming exploration phase.
Adding another layer of intrigue, the prospect is located just 400 meters east of the company’s Coodardy prospect, which has previously been lit by a significant amount of high-grade gold, potentially pointing to a much larger, coherent gold transport system.
Recent drilling at Coodardy yielded a headline-grabbing 12 meters at 6.5 g/t gold from 44 metres; this includes a richer 4-metre section grading an impressive 17.6 g/t gold. The hit followed an earlier 4m haul at 21.37g/t gold within a wider interception of 8m at 10.82g/t gold.
Golden Dragon Mining managing director Simon Buswell-Smith said: “Behring Bore is rapidly emerging as a standout gold prospect and these latest results further confirm the scale of this growing system. Importantly, the identification of quartz mines to the north-east opens a new and highly prospective exploration corridor that we have also seen at Coodardy.”
The Cue project is located in the Archean Watagee Hill Greenstone Belt, a Tier 1 gold district that provides a number of significant mineral deposits.
Golden Dragon is also making some smart moves in the area and recently applied for a new exploration license on the fence line of Westgold’s highly regarded 2.3 million-ounce Big Bell gold mine.
Once approved, the application will expand the company’s coverage in the key Big Bell cutting area by a further 6.5 kilometres, bringing its contiguous land ownership in the area to 619 square kilometres.
With the rig already secured for early July, the company says it is eager to return to the field to continue its success. The upcoming program will target both Behring Bore and Coodardy potential customers.
With consistent high grade hits now coming from two neighboring areas, a commanding land position in serious elephant country and drill rods about to start turning, Golden Dragon is methodically making for a compelling case at Murchison.
The market will undoubtedly be watching to see whether the two possibilities will come together as part of a much larger, interconnected gold system.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
