Total
0
Shares
Ardea Resources (ASX:ARD) - Managing Director & CEO, Andrew Penkethman - The Market Herald
Managing Director & CEO, Andrew Penkethman
Source: The Market Herald
  • 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
  • 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

Ardea Resources (ARL) has commenced its reverse circulation (RC) drilling at the new Aphrodite North gold target near Kalgoorlie in Western Australia.

Aphrodite is located within the Bardoc Tectonic Zone (BTZ) at Ardea's Goongarrie Nickel Cobalt Project.

BTZ is a continuation of the Boulder Lefroy Tectonic Zone, which hosts the famous Kalgoorlie Boulder, New Celebration and St Ives gold projects.

Previous aircore drilling results at Aphrodite North includes two metres grading 4.46 grammes per tonne gold (g/t) from 41 metres and seven metres grading at 2.48g/t of gold from 120 metres downhole.

The company has hinted that the new discovery could potentially be a new gold camp.

The planned RC program totals 1500 metres and will test the rock below the aircore anomalies.

"Ardea has a 5100-kilometre squared strategic and highly prospective tenement holding in the Eastern Goldfields world-class gold-nickel province," Managing Director Andrew Penkethman said.

"Ardea thus controls a significant'greenfield' gold portfolio, in which systematic gold drill evaluation is just commencing," he added

Ardea is up 5.56 per cent on market close for the weekend and is trading at 28.5 cents per share.


Subscribe


ARL by the numbers
More From The Market Herald
Macarthur Minerals (ASX:MIO) - New General Manager, International Sales and Marketing, Jonghyun (Richard) Moon (centre) - The Market Herald

" Macarthur Minerals (ASX:MIO) appoints new Int. Sales & Marketing General Manager

Exploration company Macarthur Minerals (MIO) has appointed Jonghyun (Richard) Moon as its new General Manager, International Sales & Marketing.
Kin Mining raise $2.1M to fund gold project

" Sky Metals (ASX:SKY) earns 80pc in NSW gold projects

Sky Metals (SKY) has now earned an 80 per cent interest on the Cullarin and Kangiara Gold Projects in New South Wales.
Apollo Consolidated (ASX:AOP) identifies new gold mineralisation at Lake Rebecca

" Apollo Consolidated (ASX:AOP) highlights significant gold at Lake Rebecca

Apollo Consolidated’s (AOP) latest drilling results highlight further gold potential from drilling at its Lake Rebecca Gold Project in the Goldfields region of
Indiana Resources (ASX:IDA) - Non Executive Chair, Bronwyn Barnes - The Market Herald

" Indiana (ASX:IDA) to purchase South Australian Gold Projects

Indiana Resources (IDA) has signed a deal with private company Patron Resources to purchase South Australian gold projects.