New Murchison Gold (ASX:NMG) – and its tenured mining contractor Ozland Mining Services – is off to the races at its Crown Prince Gold Project, ringing in FY26’s opening week with first blasts at the Garden Gully site.
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The Western Australian gold explorer has been working towards these June 30 detonations since banking $15 million through a recent capital raise.
“First blast is a key milestone… the commencement of groundbreaking at Crown Prince,” New Murchison’s CEO, Alex Passmore, said on Tuesday. “I extend my thanks and congratulations to the site team for a safe and successful start.”
Material from this first Crown Prince blast will be used to build initial infrastructure, ranging from a run-of-mine area, a crusher pad, and several on-site haul roads.
Two further blasts are planned through early July; mining is currently slated for August.
The first Crown Prince detonation – shared by the WA explorer on YouTube – wasn’t the only New Murchison news that hit ASX wires through Week 27 either: The last expected assay results have returned too.
These results mostly came from the northwestern side of the project’s pits and were spruiked as “better than expected” by Mr Passmore in a July 4 update.
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“Grades reported demonstrate a strong finish to the program. The grade control program has indicated there may be an out-performance above base case forecast when mining is undertaken,” the company’s helmsman explained.
These results confirmed the continuity of mineralisation at Crown Prince and outstripped previous Main and Northern ore body expectations. High-grade gold intercepts included 20 metres at 15.09 grams per tonne gold and four metres at 20.98 grams per tonne; NMG plans to drill deeper to capitalise.
NMG shares have been up +2.94% after Friday’s market release dropped.
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