ACDC Metals Confirms Heavy Mineral Strandline Discovery at Douglas Project

THE DRILL SERGEANT: ACDC Metals (ASX: ADC) reported confirmation of the discovery of a new strandline at shallow depth at the company’s Douglas heavy mineral sand project in Victoria.

ACDC Metals received assay results from a follow-up drilling program completed during March 2024 that produced results of:

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21 metres at 4.73 per cent total heavy minerals (THM) from 21m, including 4.5m at 11.34 per cent THM from 21m and 1.5m at 18.15 per cent THM from 24m;

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33m at 3.19 per cent HM from 9m, including 7.5m at 7.91 per cent HM from 19.5m and 1.5m at 15.28 per cent THM from 24m; and

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30m at 4.14 per cent HM from 12m, including 10.5m at 7.52 per cent HM from 18m and 1.5m at 15.16 per cent from 22.5m.

ACDC declared the results to have confirmed the discovery of a new strandline system, located approximately 2km west of the previously known Acapulco strandline deposit that partly sits within the company’s exploration licence area (EL7544).

“Our 2024 drilling campaign keeps on delivering great results across our project portfolio, and the new assays from our Douglas project are no exception,” ACDC Metals CEO Tom Davidson said in the company’s ASX announcement.

“These results confirm new strandline style mineralisation in a region that has seen prior mining by Iluka Resources.

“Given the positive results, our exploration team is mobilising quickly to execute another campaign this month to understand the extent and potential or this discovery.

“We look forward progressing this project and will update the market following our upcoming drilling program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE