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Golden Dragon Mining Ltd (ASX:GDR)

ALERT: Price-sensitive ASX Announcement for GDR
Current share price for GDR : $0.160 0.01 (6.67%)+
Announcement
Release
11 May 2026 8:18AM
Price at Release
$0.150
Full Release
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Summary
Golden Dragon Mining Ltd has reported significant high-grade gold intersections at its Coodardy project, highlighting a key find of 4 metres at 17.6 g/t gold within a larger 12-metre section averaging 6.50 g/t gold. The results affirm the presence of a mineralised envelope with potential for expansion. The company plans further drilling to explore an untested north-east trend and is conducting a gravity survey and geochemical program to aid exploration. These developments underscore the prospect's potential for hosting substantial gold mineralisation.
Key Points
  • Golden Dragon Mining Ltd has identified new high-grade gold zones at the Coodardy project.
  • A significant intersection of 12 metres at 6.50 g/t gold was noted, with a standout section of 4 metres at 17.60 g/t gold.
  • The geological interpretation suggests a shallow east-dipping, north-plunging system.
  • The mineralised system remains open along strike and depth, indicating potential for further expansion.
  • Golden Dragon is planning further exploration to target the untested north-east orientation.
  • A close-spaced gravity survey and an auger geochemical program are in progress to identify new exploration targets.
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.