Adelaide Resources Limited (ASX: ADN) – $0.016

17 Oct 2016

Adelaide Resources Limited (ASX: ADN) has commenced reverse circulation drilling at the wholly owned Baggy Green Gold prospect located on the northern Eyre Peninsula in South Australia (Figure 1).



Figure 1. Location of the Baggy Green Gold prospect



The Baggy Green prospect is a confirmed gold mineralisation system that has a strike distance of approximately three kilometres. The prospect is located less than six kilometres southeast of the Barns Gold Deposit that has a maiden Mineral Resource of 107,000 ounces of gold.


The drilling program will aim to delineate gold mineralisation at Baggy Green that will add to the Barns Mineral Resource and increase the local resource base. First assay results are expected in early November 2016.



For further information, visit



Resources Stocks to Watch (RSTW) is the leader in research on over 600 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.



Resources Sector Recent News Items

News Archives

News Categories