New Murchison Gold Increases Resource at Garden Gully Project in Western Australia by 47%

en.Wedoany.com Reported - New Murchison Gold has increased the resource at its Garden Gully project in Meekatharra, Western Australia, by 47%, further strengthening its growth pipeline and boosting confidence in the company's future development plans.

According to the updated JORC-compliant mineral resource estimate, the current remaining inventory stands at 4.42 million tonnes at a grade of 2.5 grams per tonne gold, containing 359,300 ounces of gold. After adjusting for mining production up to April 1, 2026, the total resource base reaches 409,100 ounces.

This result represents a 29% increase over the November 2024 estimate, and a 47% increase after deducting mined ounces. The update incorporates initial resource estimates for the Lydia and Abbotts prospects, as well as revised estimates for the Crown Prince and Cloudkicker prospects.

A key outcome of this work is the improved confidence in the resource base, with the Measured and Indicated resource categories now accounting for 71% of the contained ounces.

Crown Prince remains the core deposit of the project, with combined open-pit and underground inventory totaling 228,400 ounces. The open-pit portion includes 39,000 ounces of Measured resources at a grade of 3.8 grams per tonne gold, which is expected to support near-term mining and processing plans.

Elsewhere in the project area, Cloudkicker contributes 31,300 ounces, of which 25,100 ounces are classified as Indicated resources; the initial estimate for the Lydia prospect adds 55,100 ounces; and the Abbotts prospect contributes a further 44,500 ounces.

The Lydia and Cloudkicker deposits are located less than 800 meters from the operating Crown Prince hub, allowing access to existing roads, on-site infrastructure, and operational personnel, which facilitates future mining activities without requiring significant additional capital investment.

This revised estimate is based on extensive drilling and geological modeling conducted across the goldfield. Since the 2024 resource update, 738 drill holes have been completed as part of the Crown Prince exploration and grade control program, improving geological understanding and enhancing resource confidence.

New Murchison Gold will leverage this expanded inventory to support feasibility studies, optimization work, and further drilling, aimed at extending the mineralization that remains open along strike and at depth.

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