Adelong Gold (ASX:ADG) confirms broad gold mineralisation at Apollo Project

Adelong Gold (ASX:ADG) has delivered its maiden set of diamond drilling results from the Apollo Gold and Antimony Project in Victoria, confirming the continuity of mineralisation beneath historic workings and setting the stage for initial resource modelling.

The program, targeting the Dig Fault Zone, has yielded broad mineralised zones and high-grade intercepts that support both the company’s geological model and Apollo’s longer-term growth potential.

Highlights

• Maiden diamond drilling program validates mineralisation at Apollo within the Dig Fault Zone.

• Broad and high-grade intercepts returned, including 10.9 metres at 3.26 grams per tonne gold and 27.0 metres at 1.69 grams per tonne gold.

• Results confirm historical intercepts and extend mineralisation beneath historic workings.

• Strike length expanded through new licence application, adding further drill-ready targets.

• Follow-up exploration to target depth and strike extensions, with potential to incorporate antimony-bearing zones at Heyfield Reef.

The four-hole, 1,054 metre campaign was focused on the Meade’s Mine area, where historical drilling had already returned standout intersections.

Among the most notable new results were 10.9 metres at 3.26 grams per tonne gold from 69.1 metres, including six metres at 5.36 grams per tonne, and 27.0 metres at 1.69 grams per tonne from 255 metres depth, with higher-grade zones of up to 7.58 grams per tonne.

These outcomes build on previous work that yielded intercepts such as 39.5 metres at 7.25 grams per tonne gold and 28 metres at 10.2 grams per tonne gold, positioning Apollo as a project with the scale and grade profile to attract investor attention within Victoria’s gold-rich Melbourne Zone.

Mineralisation at Apollo is hosted within the Dig Fault, a steeply dipping, north-south oriented structure characterised by strongly faulted metasediments.

Gold occurs in fine disseminations as well as in free grains associated with quartz-muscovite veining.

Importantly, the presence of gold-tellurium associations suggests an intrusive-related system more akin to Belltopper, Mt Piper and Myrtle Creek, distinguishing Apollo from the conventional orogenic deposits that dominate the central Victorian goldfields.

Adelong Gold’s managing director, Ian Holland, said the results mark a pivotal step for the project.

“These maiden assay results at Apollo represent an important step forward for Adelong Gold and validate our geological model within the Dig Fault Zone. The continuity of mineralisation beneath historic workings highlights Apollo’s strong potential for significant resource growth. With these results in hand, we are now advancing towards an initial resource model and preparing for follow-up drilling to test depth and strike extensions.”

The strategic backdrop is notable, with Apollo located in the Walhalla Gold Belt, a region that has drawn renewed market attention on the back of high-grade discoveries, including Southern Cross Gold’s Sunday Creek.

Geological parallels between Sunday Creek and Apollo, particularly at the Heyfield Reef prospect where antimony-bearing stibnite has been identified alongside gold, reinforce the potential for a dual commodity system similar to Costerfield, one of Victoria’s most recognised antimony-gold operations.

Further upside lies along the contact with the Strathbogie Granite, where gold-bearing shoots remain largely untested, while a recently lodged exploration licence has extended Apollo’s strike length, opening new corridors for drilling and enlarging the overall footprint.

This combination of geological validation and new target generation provides a strong platform for resource definition and future expansion.

With mineralisation open at depth and along strike, Adelong Gold now has the foundation to advance Apollo from early-stage drilling to initial resource definition.

Planned infill and step-out programs will aim to build continuity while exploring extensions into newly acquired ground.

The presence of both gold and antimony mineralisation places Apollo within a select group of Victorian projects aligned to broader trends in critical mineral demand, adding a further layer of strategic context to the company’s ongoing work.

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