Adelong Gold (ASX:ADG) is looking to expand its ongoing drilling campaign at the Lauriston Gold Project in Victoria to include additional step-outs and deeper testing along the Comet Fault Zone.
The expanded program will depend on results from the ongoing campaign, with exploration starting at the Yankee-Trojan prospect, which is located 3km to the north and along strike of the Comet prospect.
Adelong has completed six drillholes across 1,481.6m at the Comet prospect, with drilling intersecting the mineralised structure, the Comet Shear, in all holes. Assays are currently pending for the Comet prospect.
The company says exploration at Comet interpreted arsenic halos that show similar characteristics of the upper levels of the Victorian gold-silver-antimony epizonal system. Mineralisation within the Comet Shear is associated with arsenopyrite, pyrite, stibnite, sphalerite, and quartz veining.
To date, the current drilling campaign is planned to cover 3,000m at both the Comet and Yankee-Trojan prospects.
Managing Director Ian Holland says drilling has intersected the host structure which confirmed that Adelong is “operating in the upper levels of a larger epizonal gold system”.
“We intend to follow these initial drillholes with deeper drilling to test the potential of the system once all assay data has been returned and analysed,” Holland says.
“We view this systematic, technical progress as a positive step in the right direction toward making a discovery.
“With drilling recommencing at the Yankee-Trojan prospect, we are maintaining the momentum toward unlocking the broader potential of this project.”
Adelong Gold is an Australian explorer focused on advancing two ‘high grade’ gold-antimony projects in Victoria.
Write to Maddison Elliott at Mining.com.au
Images: Adelong Gold
