Goodness me!Adelong Goldfield, southern NSWIn August, Adelong...

Goodness me!

Adelong Goldfield, southern NSW
In August, Adelong announced that work on the Adelong Gold Project was progressing with
preparation underway for the next round of drilling initially expected to commence in 4Q 2023
(See ASX Announcement 23 August 2023) but now deferred as a result of the retirement of
Managing Director Mr. Peter Mitchell (See ASX Announcement 27 November 2023). Approvals
were received to proceed with planned drilling at Gibraltar, Fletchers and Caledonian. The
Company is awaiting approvals for Sawpit.
Figure 6: Adelong Goldfield Location Map
The proposed drill program is expected to target:
• The Fletchers deposit to initiate exploratory drilling on that project;
• The Gibraltar area to explore some of the additional targets at Gibraltar and to test the
Perkin’s West deposit at depth;
• The Caledonian deposit to test some of the high grade intercepts at the Southern end of
the deposit identified in CAL016; and,
• The Sawpit deposit with a view to generating a maiden resource for that project.
QUARTERLY ACTIVITIES REPORT
As part of the longer-term generation of drill targets, a soil sampling program over the area
between the Currajong to Gibraltar area has been completed. This area covers a strike length
of about 1km of ground that is quite prospective, but which has had no modern exploration
carried out to define drill targets. Interestingly, the soil sampling program encountered over 10
historical diggings scattered throughout this area which has enhanced the area’s prospectivity.
A similar program of soil sampling is also expected to be completed over the +3km zone
between the Sawpit deposits and the Lady Mary Mine during the summer when access
improves.
The Company has also started the process of evaluating development options to progress
reopening the mine at Adelong and getting the mine back into production