Significant Copper Intersection at Rover 1 - NT
Adelaide Resources is pleased to announce another significant copper intersection has been achieved at the Rover 1 Prospect, located on the company's wholly owned Rover Project near Tennant Creek in the Northern Territory.
Latest assay results confirm drillhole R1ARD41-1 has intersected 11.4 metres at 2.63% copper and 1.42g/t gold from 463 metres downhole. The lower 5.4 metres of the intersection contains high grade mineralisation assaying 4.21% copper, while gold grades in the intersection range up to 4.0g/t gold.
R1ARD41-1 was collared approximately 200 metres north of the tenement boundary and drilled as an inclined hole towards the south. The intersection reported in this release persists to the tenement boundary which occurs at a downhole depth of 474.4 metres.
The co-operative drilling agreement with neighbouring explorer, Westgold Resources Limited, allowed Westgold to extend R1ARD41-1 into its tenement. On 16 November 2010, Westgold announced a bonanza grade intersection of 6 metres at 78.7g/t gold and 1.0% copper in its part of the drillhole, with one sample returning an assay of 375g/t gold. The intersection reported by Westgold commenced at the tenement boundary, and the 11.4 metre intersection reported herein is the uphole continuation of this same zone of mineralisation confirmed to include intervals of bonanza grade gold.
By combining the intersections of both Adelaide Resources' and Westgold's respective portions of the mineralised zone, the complete intersection in R1ARD41-1 is estimated to be approximately 17 metres at 28g/t gold and 2% copper.
This new body of high grade mineralisation appears to be additional to several other copper-gold mineralised bodies that are present within Adelaide Resources' part of the Rover 1 deposit. Previous intersections achieved on Adelaide Resources' tenement at these depths have been copper dominant, and a positive feature of the R1ARD41-1 result is the confirmation that high grades of gold also persist into the upper levels of the prospect.
The new mineralised zone is interpreted to trend to the west northwest. The significance of this west northwest trend is that high-grade gold mineralisation may extend into Adelaide Resources' ground west of the path of drillhole R1ARD41-1, and this target area will be a focus for drill testing in early 2011.
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