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Ardea Resources Ltd.
Summary
| Project: | Yeoval | |
|---|---|---|
| Deposit: | Yeoval | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 8/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2019: Ardea Resources Ltd. announces a Resource Estimation report for its Yeoval deposit at the Yeoval project. Mineral resource update for project. Ardea Resources Limited (Ardea or the Company) is pleased to announce a JORC 2012 Inferred Mineral R | |
| Resources: | (Resource, Inf.): 12.8Mt @ 0.38% Cu, 0.14g/t Au, 2.20g/t Ag, 120g/t Mo | |
| CP/QP: | [Resources]: Johan Lambrechts (Internal) | |
| ABSTRACT: | Ardea Resources Limited (Ardea or the Company) is pleased to announce a JORC 2012 Inferred Mineral Resource estimate for its Yeoval porphyry copper-gold deposit in the Lachlan Fold Belt, central New South Wales. Yeoval is a historic copper-gold (Cu-Au) mining area in central western NSW. Work by Ardea has provided confidence around new and historic data to enable estimation of an inferred resource that is expected to serve as the platform from which future exploration by spinout Godolphin Resources will build. This is the first in a series of announcements that will be made over the coming weeks, concluding Ardea’s extensive work programs on selected NSW projects in preparation for the Godolphin Resources IPO planned for Q4, 2019. These announcements will provide clarity to investors regarding the NSW portfolio and highlight the potential it holds. The Yeoval project is centred around the township of Yeoval in Central NSW about 33 km southwest of Wellington (Figure 1). It is located within the Lachlan Fold Belt which is Australia’s premier domain for porphyry and epithermal gold and base metal deposits. The resource area is located about 3.5 km north of the small township of Yeoval and is readily accessible by well-maintained sealed and unsealed roads. The project area is adjacent to the Molong-Dubbo railway infrastructure and within easy reach of the Mitchell and Newell Highways. | |
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