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Adelong Gold Limited (ASX: ADG) has commenced Phase 2 of exploration activities at the Paraiba tenements in Brazil to build upon “promising preliminary reconnaissance results and mineral potential in the region”.
The 10 Brazilian licenses that the Company was granted are divided into two blocks: North Block (2 tenements near the Nova Palmeira town) and Southwest Block (8 tenements near the Taperoá town).
These licences are in close proximity to Summit Minerals (ASX:SUM), Equador Nb-REE Project within Paraiba State, which is host to some of the world’s most important sources of tantalum, rare earth elements (REEs) and beryllium and produces significant quantities of gemstones.
The Phase 2 exploration campaign will last approximately four weeks in which time Adelong’s team of local geologists will undertake extensive fieldwork. The anticipated completion depends on site access and weather conditions. Adelong said current weather forecasts indicate fine conditions and no delays were expected.
Adelong Gold’s Managing Director, Ian Holland, commented: “We are excited to commence Phase 2 of our exploration at the Paraiba Tenements. The initial findings, along with those of some of our neighbours, have been very promising. This next phase will allow us to further evaluate the potential of this region. Our goal is to unlock significant value from these tenements and contribute to the growth of Adelong Gold.”
Adelong has been trading at 0.05 cents.
