Adelaide Resources (ASX:ADN) has returned further broad, near surface copper intersections at Alford West, which lies in South Australia's Olympic IOCG belt.
Laboratory assays have been received for aircore holes drilled on the Moonta Copper-Gold prospect on Yorke Peninsula, in the western part of the 3500 long Alford West anomaly.
Drilling was also conducted at the Blue Tongue West and Kambula geochemical features.
Better results included 25 metres at 0.63% copper from 6 metres, 18 metres at 0.43% copper from 46 metres, 6 metres at 1.24% copper and 0.22g/t gold from 76 metres to end of hole, and 3 metres at 1.29% copper from 57 metres to end of hole.
Strongly anomalous lead, to a maximum of 1.76%, is also present in several holes, while significant molybdenum mineralisation, including 7 metres at 0.16% from 36 metres, is present in another area.
Aircore drill coverage of the broader Alford West target zone and satellite targets is now sufficient to enable development of a geological and mineralisation model for Alford West and its satellite targets.
Construction of this model is currently underway and the company anticipates releasing it to the market in the near future.
Interestingly, the Yorke Peninsula, and the Moonta Project in particular, has the shallowest cover along the entire Olympic Copper-Gold Province.
This is borne out by ADN's consistent near surface intersections, and bodes well for a potential low cost mining operation.
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.