Friday, December 13, 2024

Ardea Resources: Commences drilling at new gold discovery

Ardea Resources: Commences drilling at new gold discovery

  • Ardea Resources (ARL) has started drilling at its new gold target, Aphrodite North, which could potentially be a new gold camp
  • Aphrodite North is located near the company’s Goongarrie project in Kalgoorlie, Western Australia
  • BTZ is a continuation of the Boulder Lefroy Tectonic Zone, which hosts the famous Kalgoorlie Boulder
  • Previous aircore drilling at the prospect has confirmed the gold mineralisation’s thickness and grade
  • The planned reverse circulation (RC) program totals 1500 metres and will test the rock below the aircore anomalies
  • Ardea is up 5.56 per cent on market close for the weekend and is trading at 28.5 cents per share

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