Golden Dragon Mining has reported fresh high-grade gold results from its Cue project in Western Australia, including a four-metre intersection grading 6.98 grams per tonne from only 44 metres at the Behring Bore prospect.
The result was matched by a series of strong re-assays from nearby Coodardy, where drilling returned 11 metres at 6.42 grams per tonne from 45 metres, including a one-metre section grading 59.2 grams per tonne.
Behring Bore and Coodardy are about 400 metres apart in the Murchison region, an established gold-producing district that includes Westgold Resources’ 2.3-million-ounce Big Bell mine.
High-grade gold system extended at Coodardy
Golden Dragon’s latest reverse-circulation drilling at Coodardy was designed to test extensions to the known mineralisation. The programme has extended the system to a strike length of about 500 metres, with mineralisation remaining open to the north, south and north-east.
Further analysis of one-metre samples taken from earlier four-metre composite samples has provided a clearer picture of the higher-grade zones. Alongside the 59.2 grams per tonne interval, the company reported six metres at 5.02 grams per tonne from 28 metres, including one metre at 28.1 grams per tonne.
The results point to a high-grade, north-east-trending orientation within the wider Coodardy mineralised system. Golden Dragon is treating that trend as a priority target for follow-up drilling.
The company has also identified a three-kilometre gold-in-soil anomaly across the Cue project. The anomaly appears to link four previously separate prospects — Behring Bore, Curtis Find, Coodardy and Piston — into a broader mineralised corridor.
Behring Bore adds another high-grade zone
At Behring Bore, the latest intersection was found in a new quartz lode hosted within altered, pyritic dolerite. Golden Dragon said the rock type is recognised elsewhere in Western Australia as a host for significant gold deposits.
The company has observed a strong relationship between higher gold grades and more intense alteration within the dolerite, providing a geological guide for further exploration.
Earlier drilling at Behring Bore returned seven metres at 4.35 grams per tonne from 44 metres, including one metre at 25.3 grams per tonne. A broader 19-metre zone graded 1.72 grams per tonne from 41 metres and included three metres at 7.42 grams per tonne.
Mineralisation remains open along strike and at depth at both prospects. Golden Dragon has mobilised a larger reverse-circulation rig to test deeper extensions and assess the continuity of the high-grade zones.
The exploration push follows a $2.2 million cornerstone investment from Chengtun Gold, a subsidiary of Shanghai-listed Chengtun Mining Group. The investment, struck at a 17.65 per cent premium to Golden Dragon’s previous traded share price, gave Chengtun Gold a 19.89 per cent stake in the company.
Golden Dragon said the funding would support its continued exploration of the Cue project, where the proximity of two high-grade prospects and the newly defined mineralised corridor have increased the potential scale of the system.
