Albion Resources completes acquisition of Gidgee gold project in WA

• Acquisition of Gidgee gold project wrapped up
• Considered prospective for gold mineralisation across a wide area
• Follow-up field activities and progressing exploration planning underway
• Deep potential to be examined

Albion Resources (ASX: ALB) has completed the acquisition of the Gidgee gold project located within the highly prospective Gum Creek Greenstone Belt of Western Australia.

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Gidgee comprises exploration licences E53/2099 and E53/2100 which Albion considers prospective for gold mineralisation based on historical exploration and regional geological setting.

Management is currently on site with consultants undertaking follow-up field activities and progressing exploration planning.

The company expects to receive results from a recently completed soil sampling program in the near future,

Albion is targeting the release of priority drill targets in mid-June and drilling is expected to commence as soon as practicable, subject to final heritage and operational approvals.

The Gidgee project is supported by multiple historical drill intercepts and extensive walk-up exploration targets within a proven WA gold belt that includes deposits hosting more than 2.3 million ounces of gold, with active neighbouring operations by Horizon Gold and Brightstar Resources.

Significant historical drilling intersections at German Well South demonstrate mineralised continuity over meaningful widths in shallow drilling, supporting further systematic follow-up.

Highlight returns were 21m at 5.4 grams per tonne (g/t) from 118m, including 1.0m at 37.1 g/t, 16m at 5.52 g/t from 41m, including 1,0m at 60.9 g/t and 8.0m at 2.9 g/t from 67m and 5.0m at 4.2 g/t Au from 93m.

At German Well South drilling has defined gold mineralisation over approximately 400m of strike, which remains open along strike and down-plunge.

Drilling across the German Well and Wilson’s areas has tested approximately 2.5 km and 3.2 km of strike respectively, intersecting gold mineralisation at multiple locations.

Only shallow historical exploration has been undertaken to date with average historical drill depth of only 54m, and maximum depth testing of 100m below surface highlighting extensive exploration potential across the project

The project covers approximately 91 sq. km of under-explored greenstone belt, with several key prospects with significant historical gold intersections recorded across numerous prospects that have not been followed up.

ALB is steady at 4.0¢. Mkt cap $5.687M.

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