Adelong Gold (ASX:ADG) has begun the March 2023 drilling program designed to follow-up the previous drilling program at Gibraltar within the Adelong Goldfields in New South Wales.
The company reports the previous drill program at Gibraltar confirmed wide zones of mineralisation. This follow-up program is designed to better define this mineralisation with a view to preparing a JORC Resource Estimate for the area drilled to date, as well as testing similar deposits along the western extension of vein systems mined in the O’Brien Workings.
The current drilling plan has started with an initial 4 drillholes into this zone previously drilled to assess the resource potential, but also to test the potential at depth.
Adelong reports that an earlier analysis of the alteration products and style of mineralisation suggests this deposit could be the top of a possible gold porphyry style deposit, which could generate a major deposit. An additional drillhole is carried in reserve for deeper testing if required.
Adelong Gold Managing Director Peter Mitchell says: “With drillers now on site, I have been able to observe the first hole (3DGIB016) being completed at Gibraltar and it is the easternmost drillhole close to the Percy Shaft that is showing the same pervasive silicification over much of the 96m hole as previously encountered in the October 2022 drilling program.
A second hole at Gibraltar (3DGIB014) has now been completed and was extended 20m to a total depth of 180m as a result of the extensive silicic alteration. We await assay results with the plan to dispatch these drillholes in the next day or two.
“The company looks forward to delivering on our plans to expand the resources at Adelong and thereby improving the future returns from this exciting project in New South Wales”
The company looks forward to delivering on our plans to expand the resources at Adelong and thereby improving the future returns from this exciting project in New South Wales.”
Adelong states there are no JORC resources defined at Gibraltar and the exploration work to date indicates that potential commercial resources exist that can add to the overall project resources for the Adelong Gold Project. Yet, the Gibraltar area also offers multiple exploration targets for expanding resources.
Adelong Gold is a minerals explorer targeting high-value commodities with a particular focus on gold. The company owns the Adelong Goldfield, located in New South Wales. The Adelong Goldfield covers an area of 70km-square, encompassing the Adelong Gold Project.
Images: Adelong Gold Ltd
