ADG 16.7% 0.5¢ adelong gold limited

Ann: 3D Resources To Process Mullock On Site At Adelong, page-101

  1. 1,918 Posts.
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    There is no evidence of any drilling over the past 4 years at any of the Adelong deposits. below support my conclusion:

    on 2016 - Macquarie Gold Limited (MGL) release a replacement Prospectus on 08/08/2016 that included the Geo report on 03/08/2016. Their focus was below:

    https://hotcopper.com.au/data/attachments/2576/2576480-804419859c9731bd246656b0e82f47d4.jpg
    Then they were going to start drilling but ONLY after mining started:
    https://hotcopper.com.au/data/attachments/2576/2576467-3a5d42775608b041e226d6411c90c46b.jpg
    8 months later On 27/04/2017, International base metal limited (IBML) released the following in their quarterly activity report relating to delays in getting the mine ready:

    https://hotcopper.com.au/data/attachments/2576/2576494-7fe3fa0a70065c55311f8d8825a6dda0.jpg

    7 months later on 02/11/2017 quarterly report, they finally started mining (underground):
    https://hotcopper.com.au/data/attachments/2576/2576497-838e828ad4c271e075fbd971170bead1.jpg

    2 months later 01/02/2018 quarterly activity report, massive problems with the ore for underground mining:

    https://hotcopper.com.au/data/attachments/2576/2576502-49c7570a2f99cc8c71e3477567190fe3.jpg
    6 month later on 25/10/2018 they announced that the mining operation was in care and maintenance:
    https://hotcopper.com.au/data/attachments/2576/2576518-9a002b64fbcf2dbbedb88f209006d792.jpg

    Then 5 months later, MGL with Challenger Mines Pty Ltd went into receivership.
    https://hotcopper.com.au/data/attachments/2576/2576522-6ba37734edf6025cfdbbefbcef74016f.jpg
    Summary
    There were no documentation/reference/announcement to any drilling between 2016-2020 from any source i can see from either MGL or IBML. underground mining was the priority focus and failed, before a review could be completed, the company went into receivership.

    I thought there would have been some drilling but none at all.
    Last edited by Fridayme: 20/10/20
 
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