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New Murchison Gold (ASX:NMG) says Lydia hits offer scope to lift resource grade

Jane Morgan Management

Key Facts:

NMG has returned 2m at 24.36g/t Au from 46m, including 1m at 47.20g/t Au, at Lydia South.

Lydia East delivered 3m at 14.53g/t Au from 26m, including 1m at 37.40g/t Au.

The Lydia prospect sits within Mining Lease M51/889, close to the Company's Crown Prince Operations.

Long sections show Lydia Main mineralisation extending more than 200m below surface and remaining open at depth.

CEO Alex Passmore says the standout hits provide good scope for increasing the Company's overall resource grade.

PERTH, AUSTRALIA, 25 June 2026: New Murchison Gold Limited (ASX: NMG) has reported high-grade gold intercepts from drilling at its Lydia Main, South and East deposits, which are the subject of mining studies being undertaken by the Company.

Other results include 4m at 8.39g/t Au from 103m at Lydia Main and 5m at 5.41g/t Au from 26m at Lydia South. None of the reported holes are included in the Lydia Mineral Resource Estimate of 55koz at 1.78g/t Au, announced on 25 June 2026.

NMG compiled gram-metre long sections for all three deposits. They show coherent, shallow, high-grade mineralisation starting close to surface. Lydia South hosts a continuous shallow zone over more than 250m of strike. Lydia East is a ~150m long, near-surface system that remains open at depth and along strike to the south-east.

Alex Passmore, NMG’s CEO says, "These results confirm Lydia's high-grade deposits sitting on our doorstep at Crown Prince Operations, standout hits such as 24.36g/t and 14.53g/t Au provide good scope for increasing the overall resource grade we currently have. Lydia Main is open at depth and both Lydia South and Lydia East are still open along strike and down dip with future extensional drilling to add to the inventory."

Further drilling is underway. NMG plans infill drilling of the high-grade shoots and step-out drilling of the open positions, with results feeding directly into resource modelling and mining studies. Geotechnical and hydrogeological work is also continuing.

 

About us:

New Murchison Gold Limited (ASX) is a mineral exploration and gold mining company which holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia.

The Company is focused on the Garden Gully Gold Project which comprises a 619km2 tenure package covering the Abbotts Greenstone Belt and other key regional structures. The Company operates the Crown Prince Gold Mine and has multiple gold deposits along the belt.

Gold mineralisation in the belt is controlled by major north trending structures and contact zones between felsic and mafic metamorphosed rocks.

As announced 25 June 2025, the Company made a decision to develop the Crown Prince Gold Mine and completed its first blast on 30 June 2025. NMG commenced production in September 2025. NMG updated its Mineral Resource Estimate and Ore Reserve Estimate in December 2025.

Contact details:

Jane Morgan [email protected]