Adelaide Resources hits copper at Alford West

THE DRILL SERGEANT: Adelaide Resources (ASX: ADN) has reported drilling results from the company’s 100 per cent-owned Moonta copper project in South Australia.

According to the company the first deeper drilling it has carried out at the Alford West prospect has encountered broad intersections of moderate grade copper.

A drilling program of eight Reverse Circulation (RC) holes at the Alford West prospect has intersected copper mineralisation at both the Larwood and Bruce zones, which the company declared had confirmed depth continuity.

Drilling at the Bruce zone returned:

AWRC006
20 metres at 0.56 per cent copper and 0.11 grams per tonne gold from 131m, including 6m at 1.12 per cent copper and 0.17g/t gold from 135m; and

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11m at 0.87 per cent copper and 0.10g/t gold from 169m, including 9m at 1.01 per cent copper and 0.08g/t gold from 170m.

Over at the Larwood zone, drilling returned results of:

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17m at 0.41 per cent copper and 0.19g/t gold from 93m; and

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11m at 0.54 per cent copper and 0.12g/t gold from 166m.

“The new results will be incorporated with previous drill data and the 3D model of the Alford West deposit updated with a view to releasing a resource calculated under JORC guidelines,” Adelaide Resources said in its ASX announcement.

“Alford West deserves further substantial drilling and the company is assessing the various options available to fund this work.”

Adelaide Resources said it was now undertaking a 1,000m diamond drilling program at the company’s 100 per cent-owned Barns and Baggy Green gold projects on the Eyre Peninsula with results anticipated to be released around the end of June.

Email: adres@adelaideresources.com.au

Website: www.adelaideresources.com.au