Adelong Au project NSW

3D Resources granted exploration license extension at Adelong Gold Project

3D Resources (ASX:DDD) has been granted a 6-year extension to its exploration license EL5728, which now sets the stage for a concerted effort to expand exploration activities and resources at its Adelong Gold Project.

The company reports that renewal of the exploration license paves the way for a more aggressive exploration program with more drilling targeted for September (subject to permits) following up the discovery made at Gibraltar.

3D Resources reports that importantly, there is also significant exploration potential within EL5728 both in terms of extensions to known deposits but also major structures that have historically remained untested or undrilled.

As the company nears completion of its initial planning phase to reopen the existing mine it has now turned its attention to the project’s exploration upside, which it says is substantial.

The forthcoming drill program will capitalise on historical drilling and exploration and aims to explore for additional resources.

Commenting on the exploration opportunity 3D Resources Managing Director Peter Mitchell said: “The company has spent much of its time since acquiring the Adelong Gold Project understanding the Adelong geology and economic potential.

These steps have led the company to conclude that not only is reopening the mine viable, but substantial further resource opportunity exists within the project and the region.

“We are now progressing to begin the next steps to take advantage of that opportunity”

We are now progressing to begin the next steps to take advantage of that opportunity.

A further modest drill program is planned for later in 2022 which aims to follow up the new discovery made at Gibraltar in the April 2022 drilling program.”

Much of the historical drilling and exploration at Adelong had focused on the main mines covered by the company’s mining tenement (ML1435), which had generated JORC Resources for the Challenger and Currajong deposits.

Following its acquisition of the Adelong Gold Project, 3D Resources focused its efforts on two of the other deposits outside of ML1435 (Donkey Hill and Currajong) and thereby increased the project’s JORC Resources from 129,000oz to 171,400oz and identified the necessary steps to reopen the existing mine.

3D Resources notes that the recent drilling at Adelong at Caledonian and Gibraltar has highlighted the importance of the exploration potential of EL5728 as the ‘high-grade’ intercepts of drill holes at Caledonian (CAL009 and CAL012) and the new discovery at Gibraltar identified in drill hole (3DGIB003) are all located in this exploration license.

The Adelong Goldfield forms part of a much larger structural feature known as the Gilmore Suture. This major fault zone can be traced for several hundred kilometres and is associated with a number of significant gold deposits over at least 200km of this structure.

Images: 3D Resources Ltd
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.