ACDC Metals thunderstruck by potential ‘high-grade’ zone at Goschen Central

ACDC Metals (ASX:ADC) has uncovered a potential ‘high-grade’ zone from ongoing aircore (AC) drilling at its Goschen Central mineral sands and rare earth elements project in western Victoria. 

The company reports close spaced infill drilling has begun in paddocks following completion of first pass roadside drilling at both the Watchem and Goschen Central projects, which returned ‘positive’ visual estimates. ACDC Metals says new drill data and geological interpretation has identified a potential ‘high-grade’ zone at Goschen Central.

Drilling comprises 70 drillholes that have been designed to provide greater geological confidence for resource estimation and facilitate the collection of samples for expanded metallurgical testwork, to be undertaken by Mineral Technologies in Queensland. 

Completion of drilling is expected to occur by 26 April 2023.     

Commenting on the upcoming exploration, ACDC Metals Chief Executive Officer (CEO), Tom Davidson says: “Thanks to our team and local stakeholders, our aircore drill program is on track, delivering encouraging visual results at both our Goschen Central and Watchem projects. With material now at the laboratory in Perth, we look forward to providing results to shareholders as they come to hand.

“The success of our first pass drilling at Goschen Central enabled us to prioritise a return for a targeted in-fill program based on both the historical and recent drilling”

The success of our first pass drilling at Goschen Central enabled us to prioritise a return for a targeted in-fill program based on both the historical and recent drilling. We aim to define a JORC-compliant resource that will accelerate ACDC’s progress in the HMS and REE sectors. 

Furthermore, our management team’s recent visit to South Australia generated a great level of engagement across various levels of government, as we commence the process and site optioneering for our REE value-add processing.”   

The company also notes it has completed up to 78 drillholes at the Watchem Project that were undertaken to confirm and infill prior historic drilling. It is believed that about 9 tonnes of sample has been prepared and delivered to Diamantina Laboratories in Perth, with assays expected to be returned in 4-6 weeks. 

Meanwhile, ACDC Metals says it has also held meetings with key South Australian Government departments in order to discuss the company’s value-add process technology and development opportunities. Feedback is reported to have been ‘positive’, with all parties keen to support the opportunity to produce a value added rare earth element product in South Australia.  

With drilling still ongoing, ACDC Metals announces first assays generated from roadside drilling at Goschen Central remain on schedule and due in a month. 

The company adds, once in-paddock infill drilling at Goschen Central is complete the rig, the team will continue roadside drilling at its Douglas Project. 

ACDC Metals is an ASX-listed integrated mineral exploration and rare earth technology company incorporated with the aim of undertaking mineral exploration and resource development, focusing on heavy mineral sands projects located in Victoria with the aim of producing heavy mineral sands (HMS) products and rare earth elements (REEs).

The company’s Goschen Central Project is located about 50km south-southwest of Swan Hill in northern Victoria and includes both fine-grained sheet-style heavy minerals mineralisation, interpreted to have been deposited in an off-shore environment. 

Meanwhile, the Watchem project is located about 20km west of the Douglas Project, which is situated about 20km west of Donald in northern Victoria. The project shares similarities to the Goschen Central Project, and is interpreted to be a fine-grained, WIM-style, mineral sands project.

Images: ACDC Metals Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.