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Golden Dragon Mining Ltd (ASX:GDR)

ALERT: Price-sensitive ASX Announcement for GDR
Current share price for GDR : $0.160 -0.005 (-3.03%)+
Announcement
Release
5 May 2026 9:35AM
Price at Release
$0.165
Full Release
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Summary
Golden Dragon Mining Ltd has reported excellent first-pass drilling results at Behring Bore, revealing broad zones of gold mineralisation, including high-grade intervals within an altered, pyritic dolerite. A follow-up RC drilling program of approximately 2,100 meters has been completed with assays pending. The results from the initial drilling program confirm the presence and continuity of significant mineralisation, supporting the geological model that suggests Behring Bore could be a large-scale gold target. The mineralisation remains open, suggesting significant upside potential. Phase 2 of drilling was completed at the end of April, and further exploration work is planned to define the geometry and continuity of the mineralised system.
Key Points
  • Broad gold zones identified in drilling results.
  • High-grade gold identified within pyritic dolerite.
  • Drilling program confirms significant mineralisation.
  • Follow-up RC drilling program completed, assays pending.
  • Behring Bore identified as high potential gold target.
  • Geological model supports large-scale gold target possibility.
  • Mineralisation remains open and poorly constrained.
  • Phase 2 of drilling completed in late April.
  • Strong potential for more gold discoveries in underexplored areas.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.