Adelong Gold Commences Phase 2 Exploration at Paraiba Tenements in Brazil

THE DRILL SERGEANT: Adelong Gold (ASX: ADG) has commenced Phase 2 exploration activities at the company’s Paraiba tenements in Brazil.

Adelong Gold explained the new exploration phase is designed to build upon previous preliminary reconnaissance results while enhancing the company’s understanding of the mineral potential in the region.

The 10 Brazilian licenses that Adelong was granted in March this year in the Paraiba Province project are divided into two blocks: North Block (2 tenements near the Nova Palmeira town) and Southwest Block (8 tenements near the Taperoá town).

The granted licenses represent two areas approximately 82km apart.

Area 1 comprises two licenses covering 11.31 square kilometres, rated as highly prospective for lithium pegmatites and surrounded by permits already granted for such minerals as beryl and tantalum.

Area 2 comprises 8 licenses covering a total area of 151.49sqkm.

Within this shear zone, there are beryl and aquamarine occurrences and granted tenements, suggesting this shear zone hosts pegmatite deposits.

“We are excited to commence Phase 2 of our exploration at the Paraiba Tenements,” Adelong Gold managing director Ian Holland said in the company’s ASX announcement.

“The initial findings, along with those of some of our neighbours, have been very promising.

“This next phase will allow us to further evaluate the potential of this region.

“Our goal is to unlock significant value from these tenements and contribute to the growth of Adelong Gold.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE