Ardea Resources Claims Second New Gold Discovery

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) announced a second gold discovery in the Bardoc Tectonic Zone on the company’s Goongarrie nickel-cobalt project in Western Australia.

Ardea Resources declared the Zeus gold discovery after shallow high-grade orogenic gold mineralisation was defied beneath around eight metres of transported cover.

Results include:

10 metres at 12.97 grams per tonne gold from 42m, including 4m at 28.25g/t gold from 44m; and

6m at 2.07g/t gold from 68m.

Ardea based the discovery on reappraisal of historic gold anomalism that was not adequately followed up by previous tenement holders.

“Ardea’s gold targeting under cover strategy continues to reward with the discovery of primary orogenic gold mineralisation at Zeus,” Ardea Resources managing director Andrew Penkethman said in the company’s ASX announcement.

“Like the recent Lily Albany discovery, Zeus is located only 70 kilometres northwest of the City of Kalgoorlie-Boulder.

“These gold discoveries are very important for the development of the GNCP because they offer potential early revenue through fast-tracked mining as well as delimiting constraints on infrastructure distributions for the adjacent Goongarrie nickel-cobalt project.

“These early ‘greenfields’ successes are a credit to the exploration team and provide confidence in the company’s approach to maximise value for shareholders through realisation of the full mineral potential of our tenure.”