Adelaide Resources (ASX: ADN) has started diamond drilling at its Paskeville Prospect at the Moonta
Copper Gold Project on the Yorke Peninsula, South Australia.
The drilling follows aircore drilling completed in the first half of 2012 that discovered a coherent body of low to moderate grade copper mineralisation with a strike length of 300 metres and widths estimated to range from 15 metres to 130 metres.
This remains open along strike and at depth.
Adelaide’s first diamond drill hole is designed to test a compelling target identified following interpretation of the shallow aircore drilling results.
This is the down dip continuation of a 130 metre thick part of the mineralised zone where copper grade vectors suggest higher grades of mineralisation may be present.
A recently completed airborne electromagnetic survey has also identified a number of conductive features semi-coincident with discrete geochemical anomalies adding further confidence in the quality of these exploration targets.
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