Total
0
Shares
Source: Shutterstock
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 3D Resources (DDD) receives initial drilling results from the Challenger deposit within the Adelong Goldfield in southern New South Wales
  • Drilling began in June with the aims to improve DDD’s understanding of a possible transition from an open pit to an underground mine
  • Results have been received for the first eight holes with grades peaking at 20.9 grams of gold per tonne (g/t)
  • 3D Resources is now waiting on results from the remaining four holes with a delay expected due to COVID-19 lockdowns
  • Shares in 3D Resources are steady on the market, trading at 0.5 cents at 10:45 am AEST

3D Resources (DDD) has received initial drilling results from the Challenger deposit within the Adelong Goldfield in southern New South Wales.

Drilling began in mid-June with aims to be improve 3D Resources’ understanding of a possible transition from an open pit to an underground mine.

Work also aimed to fill in gaps of previous drilling and confirm historical holes.

Drilling wrapped up on July 22 with 12 reverse circulation (RC) holes, for 2059 metres, drilled with results for the first eight holes received.

Best results include five metres at 9.16 grams of gold per tonne (g/t) from 176 metres including two metres at 20.9g/t gold from 177 metres.

Other results include three metres at 4.87g/t gold from 152 metres including one metre at 12.4g/t gold from 152 metres.

3D Resources is now waiting on results from the remaining four holes with a delay expected due to COVID-19 lockdowns.

Managing Director Peter Mitchell is pleased with the results received.

“We are very pleased with the latest drilling results including some high grade intercepts and with all but one hole intersecting potentially commercial grade mineralisation,” Mr Mitchell said.

“These results show the potential to possibly expand our planned open cut or underground mine development in the future.”

Shares in 3D Resources were steady on the market and were trading at 0.5 cents at 10:34 am AEST.

DDD by the numbers
More From The Market Herald

" Boss Energy (ASX:BOE) prepares for re-start of production at Honeymoon

Boss Energy (BOE) is progressing multiple work streams in preparation of the re-start of production at its Honeymoon uranium project in South Australia.

" Gladiator Resources (ASX:GLA) begins exploration at Minjingu

Zeus Resources, a wholly-owned subsidiary of Gladiator Resources’ (GLA), has begun exploration activities at the Minjingu Uranium Project.
Mineral Commodities (ASX:MRC) - CEO, Jacob Deysel

" Mineral Commodities (ASX:MRC) updates MRE at Tormin Inland Strands

Mineral Commodities (MRC) has updated the mineral resource estimate (MRE) for the Western Strandline at the Tormin Inland Strands deposit in South Africa.

" Austin Engineering (ASX:ANG) signs contract with Rio Tinto (ASX:RIO)

Austin Engineering (ANG) has signed a five-year mining products and services supply contract with Rio Tinto (RIO).