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.