Wanted to flag some seriously eye-catching results coming out of New Murchison Gold (ASX:NMG) that you might’ve missed in the noise. The team’s been quietly drilling beneath the current pit at Crown Prince, and let’s just say the results are no longer subtle. They’re starting to scream underground potential.
The standout? A hit of 3 metres at 43.10 grams per tonne gold from 239.65 metres downhole, including 1 metre at 69.4g/t from 245 metres. That’s not just a solid intersection - that’s high-grade, underground-style mineralisation sitting 75 metres below the base of the planned open pit. In other words, it’s punching well outside the current Mineral Resource and into territory that starts to attract the bigger end of town.
Another hole came back with 36.3 metres at 2.22g/t from 367.5 metres - the deepest drilled to date into the South-Eastern Zone (SEZ) structure. That kind of thickness and grade combination, at that depth, gives a clear signal: the SEZ is not just holding together -it’s strengthening as it plunges. Very few juniors are sitting on this kind of deep, high-grade growth potential, especially while also moving into production.
And yes - production is happening. The Crown Prince open pit is progressing to plan, with ore set to be delivered to West Gold’s Bluebird plant in September 2025. That means cash flow is on the horizon, even as the underground story builds. It’s a rare blend - near-term production combined with real upside beneath the current model.
There’s also near-mine drilling happening now, with satellites around the Crown Prince area being scoped as potential future development opportunities. So the broader hub potential is also in play.
CEO Alex Passmore summed it up well - these latest intersections are from outside the known resource, and the confidence they add at depth makes a compelling case for resource extensions. But what he didn’t say - and what the market will soon realise - is that this is starting to look like the kind of underground system that doesn’t stay a junior’s secret for long.
If you’re following gold juniors with real grade, real growth, and real cash flow near term -NMG is fast becoming one to watch closely and get your friends, kids or grand kids into before it explodes to the moon. I know my friends are accumulating as I speak. Some are doubling down on todays prices. If Jim Rickards is right $27,000 GOLD oz is correct? Check him out on You Tube. Then buying NMG with cash about to roll in the door is not that silly at only 2 cents a share.
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Last
2.1¢ |
Change
0.002(10.5%) |
Mkt cap ! $226.4M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.0¢ | $604.1K | 28.77M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 15300534 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 5024155 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 15300534 | 0.020 |
36 | 11163876 | 0.019 |
26 | 11813819 | 0.018 |
34 | 16829227 | 0.017 |
26 | 5484545 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 5024155 | 7 |
0.022 | 12429181 | 16 |
0.023 | 8829616 | 14 |
0.024 | 10071910 | 15 |
0.025 | 5250792 | 6 |
Last trade - 16.18pm 03/09/2025 (20 minute delay) ? |
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