03/06/2021 - 14:20

Owens takes over the reins at Godolphin

03/06/2021 - 14:20

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ASX-listed NSW precious and base metals explorer, Godolphin Resources has appointed experienced geologist, Jeneta Owens as its new Managing Director. The Orange-based company’s decision comes after former Chief Executive Officer, David Greenwood recently returned to WA for family reasons in the wake of COVID-19 travel restrictions. Owens was previously an exploration manager and exploration team leader at the Northparkes copper gold mine, adjacent to Godolphin’s assets.

Historic drill core trays at Godolphin Resources’ Lewis Ponds project in NSW. Credit: Bulls N' Bears

ASX-listed NSW precious and base metals explorer, Godolphin Resources has appointed experienced geologist, Jeneta Owens as its new Managing Director. The Orange-based company’s decision comes after former Chief Executive Officer, David Greenwood recently returned to WA for family reasons in the wake of COVID-19 travel restrictions.

Owens was previously an exploration manager and exploration team leader at the Northparkes copper gold mine, adjacent to Godolphin’s assets. She also led Sandfire Resources’ exploration of porphyry copper-gold and epithermal gold deposits in NSW.

Godolphin says the appointment of a NSW-based Managing Director dovetails with the company’s hopes of fast-tracking the development of its portfolio of gold and copper projects in the fertile Lachlan Fold Belt, a world-class gold-copper province.

Godolphin Executive Chairman, Jeremy Read said: “Jeneta’s experience, particularly at the Northparkes mines, will be critical in accelerating the evaluation and advancement of our projects, while looking for value capture opportunities.”

Greenwood has left Owens plenty to work with as the company looks to build on diamond drilling success at its Lewis Ponds project.

Last month Godolphin released further encouraging polymetallic assay values from the initial resource definition drilling program.

The pick of the latest bunch of drill results was 5.2m grading an average 0.36 grams per tonne gold, 38 g/t silver, 2.05 per cent zinc and lead combined, or a gold-equivalent grade of 2.22 g/t, from 466.2m depth including 1.3m at 1.25 g/t gold, 101 g/t silver, 5.98 per cent zinc and lead combined, or 6.47 g/t gold equivalent, from 470.65m.

It followed hot on the heels of Godolphin’s sterling 43.2m drill intersection from one of the Lewis Ponds lodes that graded an average 1.82 g/t gold, 14 g/t silver and 0.4 per cent zinc and lead combined, or 2.36 g/t gold equivalent, from 446m.

That stand-out intercept contained higher-grade cores including 6m at 3.56 g/t gold, 11 g/t silver, 0.7 per cent zinc and lead combined for 4.23 g/t gold-equivalent from 443m, and 8m at 3.11 g/t gold, 32 g/t silver, 0.8 per cent zinc and lead combined, or 4.27 g/t gold equivalent, from 465m.

An earlier notable drill hit from the same round of drilling was 18.6m at average grades of 1.38 g/t gold, 55 g/t silver, 5.4 per cent zinc and 1.8 per cent lead, or 6.72 g/t gold equivalent, from 72m.

Prior to Owens coming on board, Godolphin said diamond drilling was set to resume at Lewis Ponds this month.

The company put out a remodelled inferred mineral resource for Lewis Ponds in February this year of 6.2 million tonnes going at 2 g/t gold, 80 g/t silver, 2.7 per cent zinc, 1.6 per cent lead and 0.2 per cent copper.

Contained metal content totals for the new Lewis Ponds resource numbers came in at 398,000 ounces of gold, 15.9 million ounces of silver, 170,000t of zinc, 99,000t of lead and 11,000t of copper.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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