- Adelong Gold (ADG) announces plans for further drilling at Gibraltar, following a successful campaign at the back end of 2022
- The 2022 program confirmed wide zones of mineralisation, with Adelong Gold now preparing to further define and explore additional targets
- The company aims to develop a JORC resource estimate for the completed drilling thus far, while also testing similar deposits along the western extension of vein systems mined in the O’Brien workings
- Adelong Gold has once again called on Indicator Drilling to complete the drilling, following its efforts in the past program
- ADG shares are up 5.56 per cent, trading at 1 cent at 10:50 am AEDT
Adelong Gold (ADG) has announced plans for further drilling at Gibraltar following a successful drilling campaign at the back end of 2022.
The October 2022 drill program confirmed wide zones of mineralisation, which the company now aims to further define and explore for additional targets, with work planned to start in March 2023.
The company aims to prepare a JORC resource estimate for the completed drilling thus far, while also testing similar deposits along the western extension of vein systems mined in the O’Brien workings.
Adelong Gold Managing Director Peter Mitchell said its latest plans will help further develop the project.
“The company looks forward to delivering on our plans to expand the resources at Adelong and thereby improving the future returns from this exciting project in NSW,” he said.
Mr Mitchell added that the further exploration drilling will also test other possible targets at Gibraltar extensions.
“Caledonian remains a prime target for expanding the resources and so too does the Sawpit deposit,” he said.
“Both these deposits lie on zones that we feel have significantly more exploration potential to enable a major expansion to resources.”
Adelong Gold has once again called on contractors Indicator Drilling to carry out the program, following its successful completion of the October 2022 campaign.
The company will drill an initial four drill holes, testing the resource potential, as well as the potential at depth.
Past analysis of the alteration products and style of mineralisation has suggested the deposit could become a gold porphyry style deposit.
Additional drilling has also been planned for the O’Brien Workings, which could offer similar targets to the recent discovery west of the Perkin’s Workings.
To date, there has been no JORC resources defined at Gibraltar and the exploration work so far indicates that potential commercial resources exist, which would add to the overall project resources for the Adelong gold project.
ADG shares were up 5.56 per cent, trading at 1 cent at 10:50 am AEDT.