Andromeda Metals is pleased to announce Barns metallurgy results deliver 97% plus gold recovery. Summary - 97% gold recoveries achieved on three separate composited samples from the Barns deposit. - The composites comprise one supergene and two primary zone samples. Total gold recovery results were consistent across the three ore types using a conventional gravity and cyanide leach flowsheet. - Bureau Veritas Minerals [...]
Andromeda Metals is pleased to provide the company's Fourth Quarter Activities Report for the period ending 31 December 2016. Overview Eyre Peninsula gold (100% interest) - A reverse circulation drilling programme at the Baggy Green prospect, located near the Barns deposit, returns the best intersections recorded to date. - Adjacent 50 metre spaced holes BGRC-1222 and BGRC-1223 recorded 16 metres at 5.72g/t gold and [...]
Adelaide Resources advises that in accordance with a special resolution passed at the 30 November 2016 Annual General Meeting of shareholders, the Company's name has now changed to Andromeda Metals Limited. Summary - The Company's ASX code is unchanged and remains as 'ADN' - The website has changed to www.andromet.com.au. Visitors to the Company's previous website will be automatically redirected to the new website [...]
Adelaide Resources is pleased to provide the company's SA Mining and Exploration Conference Presentation. Eyre Peninsula gold Large project in Central Gawler Gold Province - Substantial 2,807km2 project - Barns Camp gold deposits (Barns, Baggy Green, White Tank) all 100% owned - Deposits found in early 2000's by testing calcrete gold geochemical anomalies Barns - assessment done May 2016 - Deposit model assessed by [...]
Adelaide Resources is pleased to provide the company's Managing Director's Presentation at 2016 AGM. 12 Month Report - Commodity focus on gold, with copper and lithium secondary targets - Maiden Mineral Resource estimated for the Barns gold deposit on the Eyre Peninsula. Comparable ounce inventory to other SA deposits (Portia and Tarcoola) now in production - Successful recent RC programme at Baggy Green confirms it [...]
Adelaide Resources is pleased to provide the company's Chairman's Address to Shareholders at the AGM. A number of achievements are worthy of noting when reflecting on the twelve months since our last Annual General Meeting. In particular, the Company: - Declared an inaugural metal Mineral Resource at the Barns gold deposit - in fact, the first in the Company's twenty year history. Appropriately, this was at the 100 [...]
Adelaide Resources is pleased to release significant tungsten rock chip results at Davenport Ranges project. Davenport Ranges project. Significant tungsten rock chip results Summary. Ore grade tungsten values up to 1.41% WO3 have been recorded in a preliminary low impact rock chip sampling programme on exploration licence application EL31211 "Newlands Creek", which covers an area of 540 km2 in the Davenport Province in [...]
Adelaide Resources advise the preliminary interpretation of the Baggy Green drill data, incorporating results from the recent RC programme, confirms the prospect an materially add to the existing 107,000 ounce gold resource at the nearby Barns deposit. - Assays from the remaining Baggy Green holes include gold intersections in three adjacent, 50 metre spaced holes on the southern-most drill traverse. - Results from the [...]
Adelaide Resources has executed a Heads of Agreement with Tennant Creek focussed explorer Emmerson Resources to form the Rover Farm-in and Joint Venture over the Company's Rover copper gold project. Summary - Adelaide Resources and Emmerson Resources have executed a Heads of Agreement to form the Rover Farm-in and Joint Venture over the Company's 100% owned Rover copper-gold project located southwest of Tennant Creek in [...]
Adelaide Resources is pleased to release the exceptional results on first Baggy Green holes drilling for Eyre Peninsula gold project (100% owned). Summary - Assay results for the first ten reverse circulation holes drilled at the Baggy Green prospect include the best gold intersections yet recorded. - Hole BGRC-1222 recorded an intersection of 16 metres at 5.72g/t gold from 66 metres downhole. - BGRC-1223, drilled 50 [...]
Adelaide Resources is pleased to provide its Annual Report 2016 to shareholders. Managing Director's review In January 2016 we witnessed a welcome reversal to the negative market sentiment that has dogged the minerals exploration sector for five years. The turnaround is evidenced by a 61% increase in the S&P Small Resources Index from a low of 1,203 on January 14, to 1,937 on June 30. The recovery since January is [...]
Adelaide Resources is pleased to provide its Third Quarter Activities Report. Overview Eyre Peninsula gold. A maiden JORC 2012 Mineral Resource (2.11 million tonnes at 1.6g/t gold for 107,000 ounces of gold) declared at Barns. A programme of metallurgical test work has commenced. The Company has been awarded up to $200,000 through the South Australian government's PACE Discovery Drilling scheme for 2016, with the funds [...]
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