Adelong Gold Confirms High-Grade Gold Potential at Apollo Project
Adelong Gold has successfully completed its maiden diamond drilling program at the Apollo Gold & Antimony Project in Victoria. The results have confirmed high-grade gold potential, validating the company's geological model and setting the stage for further exploration and development.
The program comprised four diamond drill holes, totalling 1,054.1 metres, and focused on the Dig Fault Zone. It returned several significant gold intersections, including 27.0m @ 1.69 g/t Au and 10.9m @ 3.26 g/t Au. These results align with historical drill intercepts previously announced by Adelong Gold, such as 39.5m @ 7.25 g/t Au, demonstrating consistency and potential for further discovery.
Gold at Apollo occurs in various forms, including electrum, calaverite, and free gold grains, associated with quartz-muscovite veins and stockwork stringers. The project exhibits characteristics of an epizonal gold-antimony system, similar to other high-value deposits in Victoria's Melbourne Zone. This geological context suggests significant growth opportunities, including granite contact extensions, strike length expansion, and gold-antimony potential at the Heyfield Reef prospect.
Ian Holland, Managing Director of Adelong Gold, has expressed confidence in the project's potential. The company is progressing towards an initial resource model and planning follow-up drilling to target infill areas and extensions of known mineralisation. Adelong Gold's diversified portfolio, which includes the Adelong Goldfield Project and Lauriston Gold and Antimony Project, along with the Brazil Lithium Portfolio, positions the company strategically for near-term production potential and high-grade exploration upside.
The successful completion of Adelong Gold's maiden diamond drilling program at the Apollo Gold & Antimony Project has confirmed the project's high-grade gold potential. With multiple growth opportunities and a strong geological context, the project is poised for further exploration and development. Adelong Gold's experienced technical leadership and diversified portfolio make it an attractive investment consideration, offering near-term production potential, high-grade exploration upside, and dual commodity exposure.
