Mount Adrah Drilling to Target High-Grade Mineralisation
Sydney, Feb 27, 2014 AEST (ABN Newswire) - Mount Adrah Gold Limited (formerly Gossan Hill Gold Limited), a 72% held subsidiary of Sovereign Gold Company Limited (
ASX:SOC) is to recommence drilling at the Mount Adrah Gold Project in south-eastern NSW.
Initial drilling will target shallow high-grade narrow vein mineralisation identified in old workings and previous shallow drilling at Arcadia Reefs.
The current program will also include:
- Infill drilling of Hobbs Pipe 1 to advance conceptual open pit studies
- Testing for additional Hobbs Pipe 1 type mineralisation, including the Hobbs SE target, exposed at surface and located 800m from Hobbs Pipe 1
CEO, Michael Leu said, "Following the successful exploration program conducted in 2013, we look forward to the next stage of development of the Mount Adrah Gold Project.
"Having identified three distinct types of mineralization in 2013 (monzodorite pipe, high-grade narrow vein reefs and skarn), work is now underway to extend the knowledge of this gold system, with the objective of early commercialisation."
About Sovereign Gold Company Limited
Sovereign Gold Co Ltd (ASX:SOC) is an Australian-based specialist gold exploration company. Sovereign Gold has a portfolio of quality tenements located in Eastern Australia where there is known potential for the occurrence of Intrusion-Related Gold Systems (IRGS). Sovereign Gold has a highly prospective tenement package covering the Rocky River-Uralla Goldfield, 21km southwest of Armidale, NSW, Australia. Sovereign owns the recent Mt Adrah Hobbs IRGS discovery south-east of Wagga Wagga, NSW.
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