- Adelong Gold (ADG) notes gold mineralisation in all drill holes completed so far at its namesake project in New South Wales
- ADG says some level of mineralisation and “strong” alteration is present in four drill holes that tested the western extension of the Perkin’s workings within the Gibraltar prospect
- Samples from this work have been sent for assaying, and drilling has turned to western extensions to the O’Brien’s deposit
- The company also plans to kick off drilling at its Caledonian prospect in the next two-to-three weeks and at its Sawpit prospect, subject to additional site access work
- ADG shares are trading at one cent at 2:08 pm AEDT
Adelong Gold (ADG) has noted gold mineralisation in all drill holes completed so far at its namesake project in New South Wales.
Drilling was undertaken on a western extension of the Perkin’s workings within the Gibraltar prospect.
Samples from this work have been dispatched to a lab for assaying, but ADG’s visual observations noted some level of mineralisation in all holes as well as “strong” alteration.
The drill rig has since been moved to test western extensions to the O’Brien’s deposit.
Adelong Managing Director Peter Mitchell said the O’Brien workings were historically the largest gold producer in the Gibraltar area.
“The aim of this drilling is to explore the position where the western extension intersects the 3200N – 3300N shear zone that is present at Perkin’s,” he said.
Following the program at Gibraltar, the company expects to resume drilling at its Caledonian and Sawpit prospects.
Four reverse circulation drill holes are planned at Caledonian. The first two holes will test for northern extensions to a six-metre intersection returned last year that graded 6.68 grams of gold per tonne before hitting a four-metre void left from historical mining.
Drilling at Caledonian is planned to start in two-to-three weeks, but additional site access work is required before the company can begin drilling at Sawpit.
ADG shares are trading at one cent at 2:08 pm AEDT.