Albion Resources obtains high-grade rock chip over 280 g/t at Gidgee gold project

• Standout rock-chip sample returned at 280.3 g/t gold at Phar Lap prospect
• Identification of high-grade gold mineralisation at surface
• Reconnaissance rock-chip sampling targeted several priority areas across project
• Approvals received for maiden drilling campaign at Gidgee

Albion Resources (ASX: ALB) is set for a maiden drilling complain after receiving high-grade gold assays from reconnaissance rock-chip sampling at the Gidgee gold project in WA.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

The company has received approvals for the maiden drilling campaign comprising approximately 6,000m of air-core drilling and 1,000m of RC drilling, designed to systematically test priority gold targets across the project.

Albion recently completed reconnaissance geological mapping and rock-chip sampling across a number of priority target areas at the Gidgee gold project as part of its preparations for the upcoming drilling program.

A total of 35 rock-chip samples were collected and submitted for assay, with six samples returning gold grades greater than 1.0 g/t Au. The standout result returned 280.3 grams per tonne (g/t) gold from the Phar Lap prospect.

Other significant results included 4.79 g/t gold, 4.44 g/t gold, 1.58 g/t gold and 1.57 g/t gold from various prospects throughout the project.

CEO, Peter Goh, said the new results demonstrate the occurrence of high-grade gold at surface across several areas of the Gidgee project.

Importantly, a number of the anomalous rock-chip samples show a spatial association with previously defined gold-in-soil anomalies and interpreted regional shear zones.

He said the integration of the new rock-chip results with Albion’s existing geochemical and geophysical datasets is providing additional geological information ahead of drilling and has further refined a number of priority targets, including German Well South, Wilson Splay, Tokey Central areas, as well as the previously undrilled Phar Lap and Tokey North prospects.

The 280.3 g/t result at the Phar Lap prospect was collected from strongly weathered, iron-oxide-rich quartz vein material adjacent to historical workings.

ALB is steady at 5.5¢. Mkt cap $7.985M.

Join the discussion: See what HotCopper users are saying about Albion Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.