Adelaide Resources Limited (ASX: ADN) – $0.03 (+3.45%)
29 Oct 2014
Adelaide Resources has received assay results from surface rock chip samples collected from the South West Limey Dam Prospect on the Drummond Project in Queensland (Figure 1).
Surface assay results include 9.32g/t gold, 6.33g/t gold, 2.75g/t gold and 2.41g/t gold. These results confirm that the gold mineralisation present at the Drummond Project is of the targeted epithermal style.
The company’s tenements are located on the northern boundary of the Drummond Basin. The Drummond Basin hosts a number of significant epithermal style gold deposits including the Pajingo Field which has produced in excess of 3 million ounces of high grade gold.
The company is planning its first drilling program at the Drummond Project that will be co-funded by the Queensland Government.
Figure 1. Location of the Drummond Project in Queensland
For further information, visit www.adelaideresources.com.au
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