Key Highlights

  • New Murchison Gold (ASX:NMG) shares finished the 6 November 2026 session at $0.057, down 10.94%.
  • Hole CPRC030 returned 14 metres at 231.67 g/t gold from 80 metres, including 1 metre at 2,860 g/t gold.
  • The company said visible gold was seen in the high-grade drill chips.

During the Trading session on 6 November 2026, New Murchison Gold Limited (ASX:NMG) shares finished at $0.057, down 10.94%, while the S&P/ASX 200 fell 0.49% to 9,020.80. New Murchison Gold is an Australian gold company with operations and projects in the Murchison region of Western Australia. Its announcement is dated 29 October 2026.

Latest Development: Crown Prince Intersection (29 October 2026)

The company reported that RC hole CPRC030, drilled within the Stage 2 Crown Prince open pit, intersected 14 metres at 231.67 g/t gold from 80 metres. This included 4 metres at 805.2 g/t gold and 1 metre at 2,860 g/t gold.

The company said the 1-metre result used the average of an initial assay and a laboratory repeat. Visible gold was identified in the high-grade drill chips.

About the Company

New Murchison Gold is focused on near-mine resource extension drilling at Crown Prince and other gold targets in the Murchison.

Sector Context

Gold intersections of this grade are unusual, and investors look for confirmation through repeat assays and wider drilling. Extension drilling near existing pits can add ounces to mine plans.

Risks to Watch

Individual high-grade intervals can be narrow and do not represent average grade. Further drilling is needed to determine the continuity and tonnage of the mineralisation.

What Lies Ahead

Investors will be watching for further extension drilling results, updated resource estimates and the mine plan that incorporates them.

Final Word

The release reports a very high-grade intersection in a single hole. The next drilling results will show whether the mineralisation extends across the zone.