Adelong Gold (ASX:ADG) to explore Caledonian and Sawpit
February 21, 2023Adelong Gold will target significant potential for lengthy gold extensions initially at its exciting Caledonian deposit before initiating drilling for a possible maiden resource at the Sawpit deposit, both part of the Adelong Gold Mine in New South Wales.
Adelong is upbeat, given the recent success of drilling at nearby Gibraltar, confirming broad zones of mineralisation.
Pending approvals the Company will target an additional 2-3 drill holes to test the northern extension to mineralisation identified in the 2022 program at Caledonian, with the north of most drill hole 3DCAL009 intersecting 6metres @ 6.68g/tAu before hitting 4m of old workings which presumably extracted the higher grade component of the deposit.
Meanwhile, the proposed drilling at Sawpit would involve five drill holes designed to confirm earlier work, test the deposits at depth and provide some infill holes to define the mineralisation better.
Managing Director Peter Mitchell said plans are underway to target further drilling that has the potential to expand resources.
“The Caledonian and Sawpit areas offer prime targets to expand the resource base at Adelong,” he said.
“Now that the focus has turned to further expansion of the resources we are looking forward to achieving that goal in the 2023 program.”
Planned drilling locations
$0.004About Adelong Gold
Adelong Gold Limited engages in the exploration of mineral properties. It explores gold, copper, lead, zinc, and nickel properties. The company is interested in projects in the Proterozoic of the East Kimberley; and the Archaean Cosmo Newbery area in the Eastern Goldfields, Western Australia. The company was formerly 3D Resources Limited and changed its name to Adelong Gold Limited in October 2022. Adelong Gold Limited was incorporated in 2006 and is based in Melbourne, Australia.
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