ADG 33.3% 0.4¢ adelong gold limited

Hi @CJTJ, you were pretty excited back in Mar'22 (only 8 months...

  1. 1,653 Posts.
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    Hi @CJTJ, you were pretty excited back in Mar'22 (only 8 months ago) when they started drilling at Gibraltar in a previous drill campaign...

    https://hotcopper.com.au/threads/ann-drilling-commence-to-finalise-scoping-study-at-adelong.6640757/?post_id=60191429

    It's great that they've managed to finish a few holes (totalling 541m) during the recent drill campaign in late Oct'22.

    I wonder how many other areas there are on site that have good year-round access in prevailing wet conditions? Caledonian North isn't far from the plant. Apparently they only need to wait a few more months for the ground to dry out before they can progress with more drilling at Caledonian North / Fletchers / Sawpit.

    Isn't Caledonian North one of the places where they're hoping to eventually develop an open pit mine?

    I think colourless lenses (i.e. clear) are the best for reading ADG announcements as rose-coloured lenses tend to make the red flags harder to see...
    https://hotcopper.com.au/data/attachments/4814/4814761-25a4d5b1e1c921f7c7e9d773bd9936ff.jpg

    Market doesn't seem impressed with the drilling progress. The needle on the ADG share price improve-o-meter is yet to twitch by the looks of things.
    Last edited by GravityWaves: 07/11/22
 
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