Adelaide Resources (ASX: ADN) is wasting no time in following up previous high grade copper from maiden drilling at Alford West in South Australia, with a second round of drilling planned to start in two weeks.
New drilling will aim to effectively quadruple the strike length tested by detailed drilling.
A trial field portable XRF surface geochemical survey is currently in progress, with initial results looking promising.
The latest assays received are from the final eight aircore holes completed in the first program of drilling at Alford West.
The results include further significant intersections of copper and gold, including two holes that finished in high grade zones of copper mineralisation.
Final program one drill results include 7 metres at 1.02% copper and 0.06 grams per tonne (g/t) gold from 65 metres to the end of hole.
The last one-metre sample in ALWAC019 assayed 3.92% copper and 0.22g/t gold, confirming potential at depth.
An upper, gold-dominant zone returned 15 metres at 0.23% copper and 0.66g/t gold, including 7 metres at 0.48% copper and 0.95g/t gold from 38 metres.
The hole ended in good copper mineralisation with a lower intersection of 7 metres at 1.2% copper and 0.09g/t gold from 65 metres to the end of hole.
Another hole also ended in mineralisation, returning 4 metres at 1.2% copper and 0.09g/t gold from 52 metres to the end of hole.
One-metre re-split sampling of another hole returned an improved intersection of 7 metres at 1.86% copper and 0.45g/t gold from 51 metres.
Overall, the maiden drilling program at Alford West has confirmed that high grade zones of copper and gold mineralisation, including some exceptional grade intersections, are present on each of the six traverses of drilling completed to date by Adelaide Resources.
So far the company has confirmed that high grade mineralisation extends over a 300 metre strike length, and mineralisation remains open along strike in both directions and at depth.
Follow-up drilling
The follow-up drilling program has been designed to extend drill coverage along the strike of the target zone to 1,100 metres by completing nine further traverses of drilling spaced 100 metres apart.
It will also include infill drilling on two traverses to allow confident interpretation of the high grade lode geometries, particularly their dip.
Another goal of the program is to extend new drilling into areas of historic drilling to resolve the uncertainty regarding the precise location of historic intersections, and to submit samples for gold assay as this was not done in the past.
Both landowner and government approvals to complete the second drill program are already in place.
Moonta Copper-Gold Project
The Alford West prospect forms part of the Moonta Copper-Gold Project located at the southern end of the world class Olympic Copper Gold Province.
The province is highly prospective for iron oxide-copper-gold (IOCG) deposits, with three major mines – Olympic Dam, Prominent Hill and Moonta-Wallaroo – either a past producer or currently in production.
Adelaide Resources remains well-funded with around A$2.4 million in cash at the end of March 2013.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.