Strategic Expansion Zones Identified Beyond Current Resource
Godolphin has unveiled two distinct exploration targets at its 100%-owned Lewis Ponds Project in NSW's Lachlan Fold Belt, highlighting the project's growth trajectory and potential to significantly increase the current mineral resource estimate.
The exploration targets, which extend 1.3km southeast of the existing deposit, consist of:
- Copper Lodes: 3-5 million tonnes at grades of 1.0-1.5% copper, containing between 30,000-75,000 tonnes of copper
- Zinc Lodes: 3-5 million tonnes at grades of 1.42-2.46 g/t gold equivalent, containing between 137,000-421,000 oz gold equivalent
These targets represent a potential game-changer for the Lewis Ponds exploration Godolphin Resources, which already boasts a substantial JORC (2012) Inferred Resource of 6.20 million tonnes at 2.0 g/t gold, 80 g/t silver, 2.7% zinc, 1.6% lead and 0.2% copper.
Multiple Discovery Pathways Support Growth Thesis
The company's exploration target definition follows systematic work that has identified several compelling indicators:
- Reprocessed historical Induced Polarisation (IP) data revealing a 1.6km southern extension of a chargeability anomaly associated with Lewis Ponds mineralisation
- Reprocessed DHEM data identifying six significant off-hole conductor plates outside the existing resource
- High-grade rock chip samples returning 5.11 g/t gold and 5.78% copper from two new prospects
- Potential new lodes of mineralisation identified southeast and adjacent to the existing resource
"Godolphin is extremely pleased to be able to report these exceptional results which highlight the considerable potential for the Lewis Ponds Project to significantly grow beyond the currently defined Inferred Mineral Resource."
- Jeneta Owens, Managing Director
From Silver-Zinc Dominant to Copper-Rich System
The newly identified copper lodes represent a potentially transformative discovery for the project, potentially shifting what has historically been a zinc-lead dominant gold-silver system to a more copper-focused system in the south.
"The Copper Lode has the potential to transform what has historically been a zinc-lead dominant gold, silver system to a more copper focused system in the south," noted Owens.
Importantly, the company has taken a conservative approach in its exploration target estimates, not including other copper-dominant prospects such as Britannia and Mt Nicholas (located 6km further southeast), which could provide additional upside.
Understanding Exploration Targets: What They Mean for Investors
An exploration target is an expression of the exploration potential of a mineral deposit for which there is insufficient exploration to estimate a mineral resource. It represents a conceptual view of what might be found with further exploration.
For Lewis Ponds, the exploration targets were defined using:
- Historical drilling data
- Soil sampling results
- Geological mapping
- Existing mineral resource data
- Reprocessed geophysical data
The targets were identified by reviewing historical drilling on 50m spaced cross-sections, with seven lodes identified (four copper-rich and three polymetallic in nature).
Advancing Towards Production: Clear Development Pathway
Godolphin has outlined a clear development pathway for Lewis Ponds over the coming 12 months:
- Near-term (Weeks): Complete updated JORC (2012) Mineral Resource
- Current Quarter: Progress comprehensive metallurgical test work program focusing on higher gold and silver recoveries
- Q4 2025: Complete Scoping Level mining Study
- Q1 2026: Commence drilling to test Exploration Targets
This methodical approach is designed to systematically de-risk and advance the project while building value through resource expansion.
Why Lewis Ponds Stands Out in the Gold-Silver Sector
The Lewis Ponds Project offers investors several compelling advantages:
- Established Resource Base: The current 6.20Mt resource already contains significant precious and base metals content
- Multiple Growth Levers: The newly defined exploration targets represent just one of several potential growth avenues
- Strategic Location: Situated in the prolific Lachlan Fold Belt, one of Australia's premier mining jurisdictions
- Diversified Metal Exposure: Provides exposure to gold, silver, copper, zinc and lead
- Clear Development Path: Well-defined next steps with multiple near-term catalysts
For investors seeking exposure to precious metals with base metal credits in a tier-one jurisdiction, Godolphin's Lewis Ponds Project offers a compelling investment case with defined resources, clear expansion potential, and a structured development path.
Key Takeaway:
Lewis Ponds is rapidly emerging as a significant precious and base metals project with substantial growth potential beyond its already sizeable resource. With multiple exploration targets now defined and a clear development pathway established, Godolphin Resources is positioned to potentially deliver significant value as it advances the project through resource expansion, metallurgical optimisation, and economic studies in the coming months.
Ready to Unlock Lewis Ponds' Full Potential?
Discover how Godolphin Resources is transforming its Lewis Ponds Project from a sizeable precious and base metals resource into a potentially company-defining asset with significant expansion zones. To learn more about this compelling investment opportunity in NSW's prolific Lachlan Fold Belt and the newly identified copper and zinc lodes that could substantially increase the current resource, click here to watch the full presentation.
