ACDC Metals Limited (ASX: ADC) has announced the first results from Air Core drilling at the company’s Watchem heavy mineral sand (HMS) and REE project in the Murray Basin of western Victoria, Australia.
On the basis of these results, the company has also announced tenement acquisitions to secure along strike potential.
Significant intercepts include:
• 45m @2.01% THM from 0m, including 4.5m @4.69% from 13.5m in 23WAC046
• 42m@1.77% THM from 4.5m including 3m @4.2% from 39m in 23WAC017
• 16.5M @3.38% THM from 30m including 4.5m @6.91% from 36m in 23WAC014
• 19.5m @2.79% THM from 31.5m including 1.5m @8.05% from 33m in 23WAC006
• 19.5m @2.58% THM from 31.5m including 7.5m @3.58% from 36m in 23WAC005
• 19.5m @2.39% THM from 28.5m including 9m @3.20% from 31.5m in 23WAC004.
15 August 2023 ACDC Metals CEO Tom Davidson commented: “We are very pleased to report strong and widespread mineralization from the first holes drilled by ACDC on the Watchem Project. The additional tenure acquired covers an extensive and prospective shoreline, along strike from high grades reported here. These results place ACDC Metals in a strong position to deliver a significant mineral resource. Mineralogy assessment to classify the valuable heavy mineral distribution (zircon, rutile, ilmenite, monazite) is well progressed, and will be reported shortly,”
“The Watchem Project lies immediately north of Astron Corporation Limited’s bankable feasibility stage Donald Project, which provides ACDC Metals with a high degree of knowledge and confidence on exploration potential. Mineralogy determination has been delayed due to laboratory constraints but is well progressed. Independent consultants are undertaking both grain counting and QEMSCAN, which enables accurate reporting of full heavy mineral assemblage. The pending assay results from Goschen central project are from the infill programme undertaken in April 2023 and will support the maiden JORC resource estimate. The pending assay results from Douglas project are from the exploration programme undertaken in May 2023 across the tenement and will support expansion on the new tenements.”
To find out more, please visit www.acdcmetals.com.au
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