For thousands of other reports visit RSC's Mineral Intellingence Map
Ardea Resources Ltd.
Summary
| Project: | KNP | |
|---|---|---|
| Deposit: | Big Four | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-2-2020: Ardea Resources Ltd. announces an Exploration/Drilling Update report for its Big Four deposit at the KNP project. Drilling results incl. 18m @ 3.38g/t Au from 18m. Ardea Resources Limited (Ardea or the Company) has completed an 11-hole RC drill | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Matthew Painter (Internal) | |
| ABSTRACT: | Ardea Resources Limited (Ardea or the Company) has completed an 11-hole RC drilling program at the historic Big Four gold mine, south of Goongarrie. Big Four Gold is located within the footprint of the Goongarrie Nickel-Cobalt Project (GNCP), Ardea’s flagship asset. Importantly, each of the 11 drill holes completed contained significant gold intercepts. Systematic gold exploration across the GNCP represents another opportunity to enhance overall project economics. Presently, strong, coherent, and extensive gold anomalism is associated with surface lateritic nickel-cobalt mineralisation and could be indicative of underlying primary bedrock orogenic gold mineralisation. Ardea’s Managing Director, Andrew Penkethman, said: “Ardea is highly encouraged by these first-pass drill results from Big Four. The fact that all planned holes intersected significant gold mineralisation confirms the geological model. Mineralisation is still open at depth and a possible fault off-set structural repetition has been modeled along strike to the north and will now be tested to define the extent of this mineralised system. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report