Adelaide Resources Limited (ASX: ADN) – $0.016
17 Oct 2016
Adelaide Resources Limited (ASX: ADN) has commenced reverse circulation drilling at the wholly owned Baggy Green Gold prospect located on the northern Eyre Peninsula in South Australia (Figure 1).
Figure 1. Location of the Baggy Green Gold prospect
The Baggy Green prospect is a confirmed gold mineralisation system that has a strike distance of approximately three kilometres. The prospect is located less than six kilometres southeast of the Barns Gold Deposit that has a maiden Mineral Resource of 107,000 ounces of gold.
The drilling program will aim to delineate gold mineralisation at Baggy Green that will add to the Barns Mineral Resource and increase the local resource base. First assay results are expected in early November 2016.
For further information, visit adelaideresources.com.au
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