Adelong Gold has completed six diamond drillholes at its Comet prospect with assays pending, confirming key geological structures. Drilling has now started at the nearby Yankee-Trojan prospect, signalling ongoing momentum in its Victorian gold exploration.
- Six diamond drillholes completed at Comet prospect, totaling 1,481.6m
- All holes intersected the Comet Shear with arsenic halos typical of Victorian epizonal gold systems
- Assay results for Comet drillholes are awaited
- Drilling commenced at Yankee-Trojan prospect, 3km north of Comet
- Program fully funded with plans for deeper and step-out drilling pending assay outcomes
Drilling Progress at Comet
Adelong Gold Limited has reported the completion of six diamond drillholes at its Comet prospect within the Lauriston Gold-Antimony Project in Victoria. The drilling campaign, which totalled 1,481.6 metres, successfully intersected the Comet Shear in every hole. This structural feature is accompanied by arsenic halos, a geochemical signature often associated with significant epizonal gold systems in the region.
The mineralisation observed includes a sulphide assemblage of arsenopyrite, pyrite, stibnite, and sphalerite within quartz veining, closely mirroring the geological characteristics of major Victorian gold deposits such as Fosterville and Costerfield. While assays are still pending, these initial geological observations suggest the presence of a robust gold system beneath the arsenic-dominant upper zones.
Expansion to Yankee-Trojan Prospect
Building on the momentum at Comet, Adelong Gold has commenced diamond drilling at the Yankee-Trojan prospect, located approximately three kilometres north along the same structural trend. This step aligns with the company’s broader strategy to systematically evaluate the multi-kilometre Comet-Trojan corridor, which is structurally analogous to the high-grade Fosterville Mine located nearby.
Managing Director Ian Holland emphasised the significance of the structural consistency encountered so far, noting that the presence of arsenic halos confirms the project is operating within the upper levels of a larger epizonal gold system. He indicated that deeper drilling is planned once assay results are received, aiming to test the system’s full potential.
Geological Context and Next Steps
The Comet prospect is hosted within an Ordovician turbidite sequence, comprising shale, mudstone, sandstone, and minor quartz conglomerates. The structural setting, featuring a west-dipping shear zone intersecting a core anticline, is comparable to the geological environment of the Fosterville deposit, one of Australia’s richest gold mines.
Adelong Gold’s ongoing program remains fully funded and includes plans for further step-out and deeper drilling along the Comet Fault Zone and adjacent structures. Complementary field mapping and surface geochemical sampling will refine exploration targets along the broader structural corridor, potentially identifying parallel mineralised zones.
Strategic Positioning and Outlook
Acquired in 2025, the Lauriston Project’s proximity to the Fosterville Mine and its early-stage high-grade discoveries position Adelong Gold well within a highly prospective Victorian gold belt. The company’s methodical approach to exploration, combining structural geology with geochemical indicators, reflects a disciplined strategy aimed at unlocking significant value from this underexplored region.
While assay results are awaited, the initial drilling success and geological parallels to world-class deposits provide a cautiously optimistic outlook. The commencement of drilling at Yankee-Trojan further underscores the company’s commitment to expanding its footprint and testing the broader potential of the Lauriston Project.
Bottom Line?
With assays pending and deeper drilling planned, Adelong Gold’s Lauriston project could soon reveal its true gold potential.
Questions in the middle?
- What will the assay results reveal about the grade and continuity of gold mineralisation at Comet?
- How extensive is the mineralised system along the Comet-Trojan structural corridor?
- What are the timelines and funding plans for the next phase of deeper and step-out drilling?