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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%)+
Release
17 Jun 2026 9:38AM
Price at Release
$0.150
Full Release
Summary
Golden Dragon Mining Ltd has lodged a new tenement application (E20/1122) near Westgold's 2.3 Moz Big Bell Gold Mine, positioning itself strategically within Australia's Murchison Goldfields. The new application extends Golden Dragon's control over the Big Bell Shear Zone by 6.5 km, enhancing their landholding to approximately 619 km². This area hosts over 50 km of mineralised shear zones with high-priority exploration targets, including the Jeffrey Well area, which shows promising gold mineralisation from historical drilling. The company aims to advance these targets to discovery, strengthening its exploration footprint in the region.
Key Points
- New tenement application E20/1122 near Westgold's Big Bell Mine.
- Extension of Big Bell Shear Zone control by 6.5 km.
- Total landholding increased to ~619 km² in Murchison.
- Over 50 km of mineralised shear zones with high-priority targets.
- Jeffrey Well area highlighted for strong exploration potential.
- Strategically enhances Golden Dragon's position in the gold mining region.
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.
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