Adelaide Resources identifies second Alford West target

THE DRILL SERGEANT: Adelaide Resources (ASX: ADN) has received initial assay results from a program of aircore program conducted at the Alford West prospect, located in the northern part of the company’s Moonta cooper gold project on the Northern Yorke Peninsula of South Australia.

The results have delivered an early highlight with hole ALWAC171 encountering a high-grade intersection of:

23 metres at 1.47 per cent copper

Adelaide Resources called attention to the location of hole ALWAC171, which is approximately 1000 metres west southwest of the western limit of the area the company tested by drilling in 2013.

 

Alford West target showing drillhole locations and contoured historic auger copper geochemistry. Source: Company announcement

 

Adelaide claimed the result represents the discovery of a second high-grade target zone at Alford West, additional to the high-grade zone discovered in the 2013 drill program.

The mineralisation encountered by hole ALWAC171 commences from seven metres downhole, a vertical depth of just six metres below surface.

The intersection includes higher grade sub zones of:

11m at 2.23 per cent copper from 10m downhole; or

5m at 3.36 per cent copper from 10m downhole.

“Further copper mineralisation has been observed in nearby holes, with sampling and laboratory assaying of samples from these holes now underway, while additional drilling is also planned to follow-up this significant exploration result,” Adelaide Resources said in its ASX announcement.

Adelaide Resources said it has completed drilling of the initial traverses at Alford West that comprised the first part of its current drilling program.

The company now plans to assess results from all of these traverses before finalising the design of the second follow-up stage of aircore drilling.

The company indicated it is already clear further drilling in the vicinity of hole ALWAC171 will form part of this second stage.

Drilling of the second stage is scheduled to commence around early April, while receipt of further laboratory assays from the initial drill traverses are anticipated in the coming weeks.

Email: adres@adelaideresources.com.au

Website: www.adelaideresources.com.au