Ardea (ARL) released strong RC drill results yesterday. Drilling now only 300 metres or so south of KWR's Goongarie Gold Project (GGP). Bodes very well for KWR's upcoming drill program at GGP.
Significant gold in first RC drilling, at Aphrodite North• RC drilling at Aphrodite North within the Bardoc Tectonic Zone (BTZ) has intercepted significant gold mineralisation in newly-defined mineralised lodes. o AANR0001: 6m at 3.60g/t Au from 44m from the West 2 Lodeincluding 2m at 9.99g/t Au from 44mand 8m at 4.94g/t Au from 172m to 180m EOH in Main Lodeincluding 4m at 9.42g/t Au from 172m o AANR0002: 10m at 1.52g/t Au from 76m from the East 2 Lodeand 2m at 0.63g/t Au from 226m to 228m EOH from Main Lode o AANR0004: 12m at 0.73g/t Au from 160m (lode to be determined)including 2m at 2.39g/t Au from 162m o AANR0006: 4m at 1.01g/t Au from 140m (lode to be determined) • Holes AANR0001 and AANR0002 were stopped whilst drilling in mineralised Main Lode due to drilling difficulties associated with wet surface clays. • Gold mineralisation intercepted in fresh rock occurs as multiple discrete lodes: o over +700m NNW strike length; o over a +170m east-west width around the contact of a western dolerite with eastern andesitic volcaniclastics and shale; and o strong quartz-pyrite-calcite veining is visually distinct. • A 2,600m follow up RC drilling program has been approved.
KWR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held