SYDNEY, AUSTRALIA: Godolphin Resources Limited (ASX: GRL) has been granted two Exploration Licences (EL) by the NSW Government, Department of Mining, Exploration and Geoscience.
Both ELs are located in the Lachlan Fold Belt (“LFB”) and significantly bolster Godolphin’s landholding in the area.
Managing Director Ms Jeneta Owens said: “We are very pleased to have been granted these two ELs, which are strategically located amongst our existing project suite, and strengthen our footprint and presence in the region.
Both areas were pursued following a thorough review of historical data and assessment of geology, when compared to our current tenement package.
Each new EL hosts several historic gold mines and we expect these to provide strong exploration targets.
Work will start across the new projects in Q1 2022 and we look forward to providing ongoing updates.”
Godolphin Resources (ASX: GRL) is an ASX listed resources company, with 100% controlled Australian-based projects in the Lachlan Fold Belt (“LFB”) NSW, a world-class gold-copper province.
Currently the Company’s tenements cover 3,200km2 of highly prospective ground focussed on the Lachlan Transverse Zone, one of the key structures which controlled the formation of copper and gold deposits within the LFB, the Godolphin Fault and the Molong Volcanic Belt.