Ardea Resources Limited (ASX:ARL) has made a new gold discovery at the Zeus prospect near the Big Four gold deposit in WA’s goldfields.
Zeus is located on a granted mining lease that is part of Ardea’s Goongarrie Nickel- Cobalt Project (GNCP), to the east of the nickel-cobalt deposits. Eight closely- spaced RC drill holes were completed for 569m on three sections only 20m apart to successfully determine the orientation of gold mineralisation.
Results include: 10m at 12.97g/t Au from 42mincluding 4m at 28.25g/t Au from 44mand 6m at 2.07g/t Au from 68m.
Gold mineralisation at the discovery is open in every direction, withZeus located on a ~1,000m long line of strong regolith gold anomalism that requires testing in fresh rock.
The WA Mines Department has been informed of the discovery and Ardea is now planning follow-up drilling.
Managing Director, Andrew Penkethman, said assay results show that gold mineralisation is continuous and open along strike and down dip.
Ardea’s gold targeting under cover strategy continues to reward with the discovery of primary orogenic gold mineralisation at Zeus,” Mr Penkethman, said.
“Like the recent Lily Albany discovery, Zeus is located only 70km northwest of the City of Kalgoorlie-Boulder.
“These gold discoveries are very important for the development of the GNCP because they offer potential early revenue through fast-tracked mining as well as delimiting constraints on infrastructure distributions for the adjacent Goongarrie Nickel Cobalt Project.
“These early ‘greenfields’ successes are a credit to the exploration team and provide confidence in the Company’s approach to maximise value for shareholders through realisation of the full mineral potential of our tenure.”
Zeus is the second gold discovery announced by Ardea in as many weeks. It is located around four km SSW of the recent Lily Albany gold discovery and is less than two km east of Ardea’s 25km long line of nickel-cobalt laterite deposits that define the GNCP. It is located on one of the granted GNCP mining leases.