ACDC Metals Drills Satisfying HMS Results at Goschen Central

THE DRILL SERGEANT: ACDC Metals (ASX: ADC) released results from aircore drilling recently undertaken at the company’s Goschen Central heavy mineral sand (HMS) and rare earth element (REE) project in the Murray Basin of western Victoria.

ACDC Metals carried out the extension drilling to step out from the estimated indicated resource it had calculated last year.

The program was designed to explore for extensions of the high-grade zone and increase geological confidence to enable upgrading to the resource.

The company is encouraged by the number of holes that intersected greater maximum HM percentage intervals than drill results reported in 2023.

ACDC said the results all support that the high-grade zone remains open to the east, where it considers potential remains for further extensions.

Latest intercepts include:

24GC018
16.5 metres at 2.33 per cent heavy minerals (HM) from 21m, including 1.5m at 9.15 per cent HM from 28.5m;

24GC015
28.5m at 1.4 per cent HM from 13.5m, including 1.5m at 8.53 per cent HM from 27m;

24GC021
10.5m at 2.7 per cent HM from 27m, including 1.5m at 7.53 per cent HM from 28.5m; and

24GC063
12m at 2.99 per cent HM from 24m, including 1.5m at 7.52 per cent HM from 33m.

“We are very pleased with these drill results which have potential to significantly increase the size and grade of the Goschen Central heavy mineral sand resource,” ACDC Metals CEO Tom Davidson said in the company’s ASX announcement.

“This drilling along with further mineralogical studies highlights the potential of the Goschen Central project to be a long lived supplier of rare earth elements, zircon and titanium.

“We look forward to integrating these results in the second quarter when we update the Goschen central resource estimate.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE