Join our daily newsletter At The Bell to receive exclusive market insights
- 3D Resources (DDD) receives further high grade assay results from its drilling program at the Caledonian deposit within the Adelong Goldfield in New South Wales
- Best results include four metres at 22.86 grams per tonne (g/t) gold from 100 metres, including two metres at 43.3 g/t gold
- A portion of the samples will be sent for re-assaying as the presence of spotty gold triggered the company’s internal quality control measures
- Shares in 3D Resources are steady at 0.3 cents per share as of 10:02 am AEST
3D Resources (DDD) has received further high grade assay results from its recent drilling program at the Caledonian deposit within the Adelong Goldfield in New South Wales.
The drilling program was designed to improve the geological understanding of Caledonian to allow future upgrades to the current inferred resources to a higher classification for inclusion in and finalisation of the company’s coping study.
Best results included four metres at 22.86 grams per tonne (g/t) gold from 100 metres, including two metres at 43.3 g/t gold and another two metres at 16.13 g/t gold.
The results follow from the previously announced six metres at 6.68 g/t gold from 52 metres at CAL009, including a metre at 16.65 g/t gold from 53 metres.
The zone of mineralisation also comprises of a strong quartz vein with pyrite, with similar quartz veining continuing at depth to CAL013 and is present also in CAL005 suggesting the broad zone of mineralisation continue to the south.
Commenting on the results, Managing Director Peter Mitchell said it demonstrates the potential of the project and confirms the presence of wide intersections at the deposit.
An additional set of assays has been required as the presence of spotty gold and results of check assays has triggered the company’s internal quality control requirement to re-submit around five per cent of the samples for re-assay.
This additional step will re-assay any strongly mineralised zones identified in the geological logs and aims to improve and verify grades, including samples grading less than 1 g/t gold that may in fact be high grade.
The drilling at the Caledonian deposit has also shown evidence of faulting, as expected and will be factored into the final re-assessment of the resources.
Shares in 3D Resources are steady at 0.3 cents per share as of 10:02 am AEST.
