Adelong Gold Limited (ASX:ADG) Identifies High-Grade Antimony-Gold Potential at Heyfield Reef Prospect
Exploration Results
Adelong Gold Limited (ASX:ADG) has identified significant high-grade antimony-gold potential at the Heyfield Reef Prospect within the Apollo Project in Victoria. The announcement includes results from 22 rock samples taken in 2019 and 16 drillholes completed in 2022. Notable results include 3 metres at 5.2 g/t Au and 3.4% Sb from 66m to 69m in drillhole HFRC04, peak rock samples with 20.1 g/t Au and 3.9% Sb, and seven samples returning over 1% Sb from portable XRF sampling.
Project Overview
The Apollo Gold Project covers approximately 102km² in the northern end of the Walhalla Gold Belt, 120 km northeast of Melbourne. The high-grade results are consistent with other Au-Sb projects in the region, such as the Costerfield Mine and Sunday Creek, supporting the potential for epizonal antimony-gold mineralisation. Adelong Gold is well-funded to rapidly commence further exploration on this prospect.
Executive Comments
Managing Director Ian Holland stated, “The identification of high-grade antimony-gold potential within the Heyfield Reef prospect highlights the exceptional potential we see in the recently acquired Apollo Gold Project. With our existing expertise and technical capabilities, we look forward to unlocking the project’s full potential and creating value for our shareholders.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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