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The latest update is out from 3D Resources Limited ( (AU:ADG) ).
Adelong Gold Limited has executed a binding agreement to acquire a 100% interest in the Apollo Gold Project, previously known as Exploration Licence 006430, located in Victoria, Australia. This acquisition is a strategic addition to Adelong’s portfolio, presenting significant exploration potential in the highly prospective Melbourne Zone. The project features high-grade gold mineralisation, with exceptional drill results and the potential for further discoveries. Adelong Gold plans to commence further exploration and resource definition to unlock the project’s full potential, supported by sufficient funding and existing expertise. The project also includes occurrences of antimony, which aligns with other high-grade Au-Sb projects in the region.
More about 3D Resources Limited
Adelong Gold Limited is a company in the mining industry, focusing on the exploration and development of gold projects. The company aims to expand its operations in regions with a strong history of gold mineralisation, enhancing its asset base and supporting long-term growth.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.15M
For a thorough assessment of ADG stock, go to TipRanks’ Stock Analysis page.
