New Murchison Gold Continues "Strong Start" at Crown Prince Mine

New Murchison Gold Limited (ASX:NMG,OTC:TLXPF) reported a strong third month of mining and crushing at the Crown Prince gold mine, its most advanced prospect at the Garden Gully gold project.

Mining and crushing at the project delivered 67,199 dry tonnes of ore grading 3.69 g/t gold to Westgold Resources (ASX:WGX,OTC:WGXRF) subsidiary Big Bell Gold Operations for processing at the Bluebird plant, located 36 kilometres south of Crown Prince.

Under the companies’ ore purchase agreement, the shipment is estimated to contain 7,630 recoverable ounces of gold. Payment for the December delivery is expected at the end of the month.

“We are pleased to advise the market of the strong start of the Crown Prince Gold Mine and that the operation has stabilised at production levels in line or better than the company’s feasibility study estimates,” said New Murchison CEO Alex Passmore.

He added that this is the second month Westgold has provided the company with the opportunity to exceed the OPA monthly cap of 50,000 tonnes per month.

At the end of November, unreconciled site inventory included approximately 16,200 wet tonnes of crushed ore. The company also confirmed receipt of the latest payment from Westgold, with October’s ore sales generating AU$41.6 million.

Crown Prince currently holds an updated mineral resource of 79 kilo ounces at 3.9 g/t gold, a 16 percent increase from the February 2024 estimate.

New Murchison wrote on its website that the updated MRE boasts a 39 percent increase in the indicated classification estimate to 226 kilo ounces at 4.6 g/t gold.

Payment for December 2025 between New Murchison and Westgold is scheduled at the end of December 2025, in line with contractual terms.

The company said that future production updates in Crown Prince will be provided through Quarterly Reports.

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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.