Godolphin Resources (ASX:GRL) defined new exploration targets at its Lewis Ponds gold-silver-base metals project in New South Wales after a review of historical drilling, according to a Wednesday Australian bourse filing.
Potential new lodes of mineralization were identified adjacent to the existing mineral resource estimate.
It plans to conduct metallurgical test work focusing on obtaining higher recoveries of gold and silver, and complete a scoping level mining study in the fourth quarter.
It will conduct additional drilling to test the exploration targets in the first quarter of 2026.