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Highlights:
- Godolphin Resources (ASX:GRL) reports notable gold assay results at Lewis Ponds with expanded drilling zones.
- OzAurum Resources (ASX:OZM) experiences a marked increase following robust gold intercepts at Mulgabbie North.
- Caprice Resources (ASX:CRS) and Trek Metals (ASX:TKM) advance exploration with fresh discoveries at their respective projects.
The small-cap resource sector remains active as companies conduct extensive field work and drilling campaigns across varied mineral projects. Focus remains on uncovering new mineralized zones that encompass both precious and base metals. Recent operations have delivered a range of drilling results and geological observations that contribute to the broader picture of exploration activity within the mining industry.
Godolphin Resources (ASX:GRL) Drilling Developments
At the Lewis Ponds project, recent drilling operations have produced gold assay results along the Spicer’s Lode that have broadened the view of the existing resource. A lengthy intercept from significant depth registered solid gold grades, reinforcing the current understanding of the deposit. Drilling near Torphy’s Lode has revealed additional mineralized zones, contributing to an expanded resource description. The updated drilling outcomes serve to enrich the knowledge base regarding the geological structure and distribution of metals at the site.
OzAurum Resources (ASX:OZM) Exploration Update
At the Mulgabbie North project, surface-level drilling has produced robust gold intercepts over a measured interval. One intercept, in particular, recorded a substantial gold grade from near the surface, drawing attention to the region’s mineralization. Historical drill intercepts in the area have remained largely unexamined, which leaves room for ongoing exploration. The company has recorded a marked increase in share value following these drilling results, reflecting a responsive market to its field progress.
Caprice Resources (ASX:CRS) and Trek Metals (ASX:TKM) Field Progress
Caprice Resources has maintained activity at the Island gold project, a site positioned in proximity to established mining operations in Western Australia. A comprehensive drill campaign has contributed additional data to the record of historical production from the area. Further assay data is scheduled for release, which will contribute to a detailed description of the site’s mineralization. In parallel, Trek Metals, through its involvement in the Hendeka project, has recorded high manganese content from rock chip sampling. One series of samples returned manganese assays well above average values over an extended strike length. With access agreements secured, further surveys and drilling operations are in the pipeline to map out the deposit’s feature.
