Adelong Gold (ASX:ADG) has discovered high levels of gold and antimony at its Lauriston Project in Victoria.
The first 1.4km out of 3km diamond drilling at both the Comet and Yankee-Trojan prospects unearthed ‘high-grade’ results from six holes.
Comet assays returned 9.8 metres at 2.76 grams per tonne of gold from 90.9m. This includes 0.7m at 27.1 g/t of gold from 100m, and 0.6m at 5.33 g/t of gold from 91.4m, as well as 4.3m at 1.01 g/t of gold from 82.7m.
New Trojan assays returned 1.9m at 0.48% antimony and 0.88 g/t of gold from 103.3m. Additionally, a further 0.3m at 0.67% antimony and 3.80 g/t of gold from 90.9m was returned.
Program drill samples will be submitted for PhotonAssay to test for coarse gold.
Gold mineralisation is associated with arsenopyrite, pyrite, stibnite, sphalerite, and quartz veining within the Comet Shear.
“These first assays from Comet confirm high-grade gold within the Comet Shear, validating the historic intercepts that drew us to Lauriston… [and] the first results from New Trojan confirm the gold-antimony association we expected, with the stibnite-rich veining now supported by assay,” Managing Director Ian Holland says.
“This is an early-stage, first-phase program. Each hole adds to our understanding of a large, structurally controlled system… [and] we will complete the current program in the coming weeks, rotate to Apollo for the winter months, and return to Lauriston to build on these results.”
Adelong Gold is a gold and antimony exploration company with assets in New South Wales and Victoria.
Write to Richard Szabo at Mining.com.au
Images: Adelong Gold
