InvestSMART

New Murchison Gold Limited (ASX:NMG)

ALERT: Price-sensitive ASX Announcement for NMG
Current share price for NMG : $0.045 0 (0%)+
Announcement
Release
23 Apr 2026 9:28AM
Price at Release
$0.045
Full Release
download
Summary
New Murchison Gold Limited announced significant high-grade gold intercepts from their recent drilling program at the Crown Prince gold mine in Western Australia. The drilling revealed a particularly high-grade diamond drill intercept from the main ore body zone at depth, which supports the company's plans for future underground mining operations. The drilling program included 18 reverse circulation holes and three diamond tails focused on the underground potential of the main ore body. Noteworthy results include 3.2 meters at 48.9 g/t gold, with a highlight of 0.35 meters at 345.5 g/t gold. These findings increase confidence in the potential for extensive gold mineralization beyond the current resource envelopes. The company plans to update their ore reserves based on these findings shortly.
Key Points
  • High-grade gold intercepts at Crown Prince mine
  • 3.2m at 48.9g/t Au from 330m depth
  • 0.35m at 345.5g/t Au within the same intercept
  • Plans for future underground mining operations
  • 18 reverse circulation holes and 3 diamond tails drilled
  • Drilling focused on underground potential of main ore body
  • Findings support potential for extensive gold mineralization
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.