Lauriston Drilling Begins: Can Adelong Gold Unlock Victoria’s Next Major Gold-Antimony Discovery?
Adelong Gold has initiated a diamond drilling program at its Lauriston Gold-Antimony project in Victoria, targeting historic high-grade gold and antimony mineralisation. The initial 3,000m campaign aims to test structural analogies to major Victorian gold systems with assay results expected by year-end.
- Diamond drilling commenced at Comet and Yankee/Trojan prospects
- Up to 3,000m planned to follow up historic high-grade gold intercepts
- Targets structurally similar to Fosterville’s Swan Zone with gold-antimony mineralisation
- Funding secured to expand drilling based on initial results
- First assay results anticipated in December quarter
Drilling Kicks Off at Lauriston
Adelong Gold Limited has begun a diamond drilling program at its 100%-owned Lauriston Gold-Antimony project in Victoria, marking a significant step in advancing its Victorian exploration portfolio. The program targets the Comet and Yankee/Trojan prospects, with an initial plan to drill up to 3,000 metres. This follows up on historic intercepts such as an extraordinary 8.0 metres grading 104 grams per tonne gold, including a 2.0-metre section at 413 grams per tonne, recorded at the Comet prospect.
Strategic Targeting of High-Grade Mineralisation
The drilling campaign focuses on mineralisation associated with west-dipping faults linked to the Comet Anticline, a structural setting analogous to the renowned Swan Zone at the Fosterville Mine. This analogy is significant because Fosterville is one of Victoria’s most prolific gold producers, known for its high-grade gold-antimony systems. Adelong’s Managing Director, Ian Holland, emphasised the potential of Lauriston’s geology, noting the limited modern exploration in the area and the opportunity to test over 3 kilometres of strike length.
Gold and Antimony, A Fertile Combination
Recent assays from historic drill holes have confirmed the presence of stibnite veining closely associated with gold mineralisation, reinforcing the epizonal nature of the system. This style of mineralisation is characteristic of profitable Victorian gold-antimony deposits such as Costerfield and Fosterville. The presence of high-grade antimony intercepts, including values exceeding 10% Sb, alongside gold, suggests a fertile mineral system that could underpin a significant discovery.
Well-Funded and Ready to Expand
Adelong has secured funding to rapidly expand the drilling program if initial results warrant further exploration. The company plans to complement drilling with detailed mapping and geochemical sampling to refine targets across the broader Lauriston tenement package. First assay results are expected in the December quarter, which will be a critical milestone for investors and analysts monitoring the project’s progress.
Building on a Diversified Victorian Portfolio
This drilling initiative fits within Adelong Gold’s broader strategy of advancing multiple high-grade assets in Victoria, including the recently acquired Apollo Gold and Antimony Project. Alongside its flagship Adelong Goldfield Project in New South Wales and lithium interests in Brazil, Lauriston represents a key growth avenue. The company’s systematic approach and focus on structurally analogous systems to established mines position it well to unlock value in a historically rich but underexplored region.
Bottom Line?
Lauriston’s drilling results later this year will be pivotal in defining Adelong Gold’s next growth chapter in Victoria’s competitive gold landscape.
Questions in the middle?
- Will the initial assays confirm the high-grade gold-antimony mineralisation suggested by historic drilling?
- How extensive is the mineralised system along strike and at depth beyond the initial 3,000m drilling plan?
- What impact could Lauriston’s results have on Adelong Gold’s overall resource base and valuation?
