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An announcement from 3D Resources Limited ( (AU:ADG) ) is now available.
Adelong Gold advanced first-phase diamond drilling at its Lauriston Gold and Antimony Project in Victoria during the March quarter, completing multiple holes at the Comet and Yankee-Trojan prospects and confirming high-grade gold within the Comet Shear. Early assays at the New Trojan prospect indicate an emerging gold-antimony system, with all samples submitted for photon assay to better evaluate coarse gold potential.
At the Apollo project, the company finished a broad-spaced auger soil sampling program that extended gold-in-soil anomalies and generated new priority drill targets along the Strathbogie Granite contact, with drilling set to start in the June quarter. Adelong also completed the sale of its remaining 49% interest in the Challenger Gold Project for shares in Great Divide Mining and a capped 1% net smelter return royalty, while disclosing it intends to dispute a $1.17 million tax indemnity claim linked to Challenger Mines Pty Ltd, underscoring both portfolio rationalisation and ongoing contingent risk for stakeholders.
More about 3D Resources Limited
Adelong Gold Limited is an ASX-listed mineral exploration company focused on gold and antimony projects in Victoria, Australia. Its primary assets are the 100%-owned Lauriston and Apollo gold-antimony projects, targeting Fosterville-style epizonal systems and granite contact-related mineralisation, with exposure to New South Wales gold through a royalty on the Challenger Gold Project.
Average Trading Volume: 6,565,991
Technical Sentiment Signal: Sell
Current Market Cap: A$13.33M
Find detailed analytics on ADG stock on TipRanks’ Stock Analysis page.