Adelong Gold Uncovers High-Grade Gold Zones at Apollo Project – What’s Next?

Exploration Breakthrough at Apollo

Adelong Gold Limited has announced encouraging results from its inaugural diamond drilling program at the Apollo Gold & Antimony Project, located in Victoria’s prolific Walhalla Gold Belt. The drilling campaign, focused on the historically mined Meade’s Mine area within the Dig Fault Zone, has confirmed the presence of significant gold mineralisation beneath old workings, validating the company’s geological model.

The program comprised four diamond drill holes totaling over 1,050 metres, revealing broad mineralised zones with impressive high-grade intercepts. Notable results include 10.9 metres at 3.26 grams per tonne (g/t) gold from 69.1 metres, and a substantial 27 metres at 1.69 g/t gold from 255 metres depth, with internal higher-grade intervals reaching up to 7.58 g/t. These findings align closely with historical drilling data, reinforcing confidence in the continuity of mineralisation.

Geological Context and Significance

The Apollo Project’s mineralisation is structurally controlled by the near-vertical, north-south trending Dig Fault, with gold occurring in electrum and calaverite forms, often associated with quartz-muscovite veins. The presence of tellurium-bearing minerals suggests an alkalic intrusive-related system, a style distinct from typical orogenic gold deposits in the region. This geological setting is comparable to other successful Victorian deposits such as Belltopper and Myrtle Creek, hinting at robust exploration upside.

Additionally, the Heyfield Reef prospect within Apollo has demonstrated promising antimony-gold mineralisation, with previous drill results showing significant gold grades accompanied by elevated antimony levels. This epizonal gold-antimony system mirrors nearby deposits like Sunday Creek and Costerfield, potentially adding a valuable dimension to the project’s resource base.

Strategic Growth and Next Steps

Adelong Gold is advancing towards developing an initial resource model for Apollo, leveraging these maiden drilling results. The company plans follow-up drilling to test both down-dip and along-strike extensions of mineralisation, particularly targeting the largely untested granite contact zone where gold-bearing shoots have been identified. A recent tenement application has extended the project’s strike length to the south, opening multiple new drill-ready targets.

These developments come as part of Adelong’s broader Victorian exploration strategy, which includes the Lauriston Gold and Antimony Project and the flagship Adelong Goldfield Project in New South Wales. The company’s diversified portfolio also extends to lithium assets in Brazil, positioning it well for growth across multiple commodities.

Managing Director Ian Holland emphasised the importance of these results, stating they represent a critical step forward in confirming the project’s potential and underpinning future resource growth. The continuity of mineralisation beneath historical workings is particularly encouraging, setting the stage for more extensive exploration and eventual resource delineation.