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Ardea Resources Ltd.
Summary
| Project: | Mulga Plum | |
|---|---|---|
| Deposit: | Mulga Plum | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2020: Ardea Resources Ltd. announces an Exploration/Drilling Update report for its Mulga Plum deposit at the Mulga Plum project. Drilling results incl. 2m @ 8.84g/t Au from 14m. Following on from the successful drilling campaign at Big Four Gold at G | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Painter (Internal) | |
| ABSTRACT: | Following on from the successful drilling campaign at Big Four Gold at Goongarrie (ASX release 26 February 2020), Ardea Resources Limited (Ardea or the Company) is pleased to announce early stage and successful intersection of shallow gold mineralisation at the Mulga Plum project, northeast of Menzies in the Eastern Goldfields of Western Australia (Figure 2). First-pass drilling at Mulga Plum has shown that shallow gold mineralisation appears to be associated with both flat-lying and subvertical structures throughout the historic mining area, hosted within mainly potassic altered granite. Historic workings at Mulga Plum (17 shafts and shallow pits at Mulga Plum prospect – Figure 1) coincide with surface gold mineralisation. Recent and historic rock chipping highlighted locally high-grade gold mineralisation in a series of veins and strongly altered host rocks. Ardea’s Managing Director, Andrew Penkethman, said: “Ardea is in the enviable position of having a large and highly prospective nickel and gold tenement package in the Eastern Goldfields of Western Australia. The Kalgoorlie Nickel Project tenements have historically been explored for near surface nickel-cobalt mineralisation but have seen limited modern and systematic exploration for gold and this represents a prime opportunity to define new gold targets. Ardea will continue to test the prospectivity of its large Eastern Goldfields land holding for gold and nickel sulphides.” | |
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