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New Murchison Gold Upgrades Western Australia Project's Mineral Resource Estimate

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New Murchison Gold (ASX:NMG) upgraded the mineral resource estimate of its Garden Gully project in Western Australia to 4.4 million tonnes at 2.5 grams per tonne grade of gold for 359,000 ounces of contained gold, according to a Thursday filing with the Australian bourse.

The previous total mineral resource estimate was 2.2 million tonnes at 3.9 g/t for 279,000 ounces of contained gold, according to a November 2024 disclosure.

The company intends to utilize estimates to support feasibility studies and optimize both open-pit and underground operations, per the filing.

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