Proactive Investors - Run By Investors For Investors

Adelaide Resources finds new gold target at Queensland project

Adelaide Resources finds new gold target at Queensland project

Adelaide Resources (ASX:ADN) has defined the new Bunyip epithermal gold target at its Drummond tenements in Queensland that extends for over 800 metres of strike.

Rock chip samples record anomalous levels of gold with individual assays including 5.16 grams per tonne, 0.23g/t, 0.23g/t and 0.12g/t gold.

Epithermal pathfinder metals are enriched with arsenic to 330ppm and molybdenum to 70ppm.

Bunyip was defined by o-ground prospecting, rock chip sampling and FPXRF soil geochemistry.

Further low-cost surface exploration, including infill FPXRF soil geochemistry, geological mapping and additional rock chip sampling, is now planned to provide greater detail leading to the design of an exploration drill programme at Bunyip.

The company will also seek the various authorisations, including aboriginal work area clearance, which are required before drilling can be undertaken. 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full ADN profile View Profile

Andromeda Metals Ltd Timeline

Related Articles

1538654295_Mkango.jpg
October 04 2018
Mkango's rare earths projects have already attracted significant interest, and cash
The Geminis pegmatite in the San Luis region, a focus for Latin Resources’ planned exploration program
Thu
The ASX-listed company is focused on South American opportunities.
Drilling at Thackaringa project
December 05 2018
Results reinforce the potential for resource growth and substantial mine life at the world-class project near Broken Hill.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use