Adelong Gold Extends Apollo Project Gold Anomaly by 200m Despite Data Retraction
Adelong Gold Limited has retracted historical soil sampling data from its Apollo Gold-Antimony Project due to ASX compliance issues, while confirming new soil sampling results that extend known gold anomalies southward by 200 metres.
- Retraction of historical soil sampling data following ASX regulatory advice
- Recent broad-spaced soil sampling confirms and extends gold geochemical anomalies
- Gold anomaly extended 200m south of historic Meade’s and Woolfe’s/Falk’s workings
- No new drilling results reported; infill sampling and drilling under evaluation
- Apollo Project shows potential for a larger intrusion-related gold system
Regulatory Retraction and Compliance
Adelong Gold Limited has issued a retraction of historical soil sampling results previously disclosed for its Apollo Gold-Antimony Project in Victoria. Following discussions with the Australian Securities Exchange (ASX), the company was advised that the historical soil geochemistry data could not be disclosed in accordance with the ASX Listing Rules and the JORC Code (2012). As a result, Adelong has removed this data from its recent announcement and cautions investors not to rely on the retracted information.
New Soil Sampling Confirms and Extends Gold Anomalies
Despite the retraction, Adelong reported results from a recently completed broad-spaced auger soil sampling program covering approximately 11 kilometres along the Strathbogie Granite contact. The program collected 218 samples targeting extensions of known gold mineralisation near historic workings such as Meade’s and Woolfe’s/Falk’s open cuts. The new data validates the presence of continuous gold-in-soil anomalies and notably extends the anomaly footprint by an additional 200 metres south of the existing historical workings.
Geological Context and Project Potential
The Apollo Project lies within Victoria’s highly prospective Melbourne Zone and hosts a variety of gold targets, including intrusion-related gold deposits characterised by fine-grained electrum and calaverite mineralisation. The association of gold with tellurium supports an alkalic intrusive-related system, similar to other notable Victorian deposits. Mineralisation is structurally controlled along the near-vertical north-south Dig Fault, with gold occurring both as disseminations and free grains within quartz-muscovite veins.
Next Steps and Exploration Outlook
Adelong’s Managing Director Ian Holland highlighted the significance of the extended anomaly, suggesting the potential for a much larger gold system beyond the immediate focus of recent drilling. While no new drilling results are included in this release, the company plans detailed infill soil and rock chip sampling later in the year, with a follow-up drilling program under evaluation. These steps aim to better define the mineralisation and test the broader system’s extent.
Balancing Opportunity and Uncertainty
The retraction of historical data introduces some uncertainty regarding earlier interpretations, but the new soil sampling results provide a fresh and compliant dataset reinforcing the project’s prospectivity. Investors should watch closely for forthcoming infill sampling and drilling results, which will be critical to confirming the scale and grade continuity of the mineralisation.
Bottom Line?
Adelong Gold’s Apollo Project shows promising extensions of gold anomalies, but regulatory retractions underscore the need for fresh, compliant data to validate exploration potential.
Questions in the middle?
- What specific ASX regulatory criteria led to the retraction of historical soil data?
- How will the removal of historical data affect the project’s valuation and investor confidence?
- When can investors expect results from the planned infill sampling and follow-up drilling?
