3D Resources Limited has received impressive first assay results from the recent the drilling program at the Gibraltar Mine and the Caledonian Deposit within the Adelong Goldfield in Southern NSW.
This drilling program was designed to explore the significant potential of the Gibraltar Mine and improve the geological understanding of the Caledonian Deposit with the aim to upgrade the current inferred resources to a higher classification for inclusion in and finalisation of the company’s Scoping Study.
This initial exploration program at Gibraltar represents a shift in the company’s focus after having completed the Scoping Study that demonstrates the resources at Adelong can generate a commercially attractive financial return, but also showed that any additional resources can add significantly to the bottom line.
Managing Director Mr. Peter Mitchell commented: “The results received to date are extremely promising and could offer the potential for a major resource. The initial assays from reconnaissance drill holes at Gibraltar are excellent. Hole 3DGIB003 has shown the presence of multiple veins (5) and wide mineralised zones at shallow depths to the west of the Perkin’s Shaft. Equally hole 3DGIB004 has intersected a 1m vein deposit averaging 9.02g/t Au which makes it also a target for further exploration work. We are also very pleased with the initial results from CAL009 which confirm the presence of wide intersections at Caledonian. We look forward to receiving the remaining assay results very soon.”
Gibraltar Mine The results from drill hole 3DGIB003 have proven exceptional and have confirmed the potential of this area for generating additional open cut resources with multiple veins and intersections at very shallow depths. 3DGIB003 is the western most drill hole and the mineralisation is open to the west as there has been no exploration or mining west of this drill intersection. Equally the first vein was intersected at just 2 metres and the full width of the mineralised zone has yet to be determined.
The Gibraltar drilling program was exploratory in nature as there had been very limited drilling in the past, despite the Gibraltar mine historically being one of the largest gold producers in the Adelong Goldfield. Much of the historical production had come from a single high grade narrow vein deposit “Main Vein” worked extensively in the O’Brien Shaft workings which produced about 140,000oz at an average grade of 34g/t Au.
The historical mine records showed there were multiple veins discovered (at least 5) in the Gibraltar area so the focus of this initial program was to target the Perkin’s Shaft Workings with 3 drill holes. This site was chosen as historical records described wider mineralisation and described silicic alteration of the granites but the records did not detail where this mineralisation was located within the Perkin’s workings. The company therefore drilled 3 shallow holes designed to potentially locate these deposits at a depth that would offer open cut potential.