Ardea Reports First Big Four Gold Deposit Resource - The Assay
The Assay
Mining investment news, insights and company profiles
  • Home
  • News
  • Insights
    • All Insights
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Rare Earth Metals
    • Research Reports
    • Other
  • Company Profiles
  • CEO Interviews
  • Investor Discussions
  • Newsletter
  • Magazine
  • About
  • Events
No Result
View All Result
  • Home
  • News
  • Insights
    • All Insights
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Rare Earth Metals
    • Research Reports
    • Other
  • Company Profiles
  • CEO Interviews
  • Investor Discussions
  • Newsletter
  • Magazine
  • About
  • Events
No Result
View All Result
The Assay
No Result
View All Result

Ardea Reports First Big Four Gold Deposit Resource

Ardea Reports First Big Four Gold Deposit Resource

byThe Assay
11 months ago
Reading Time: 2 mins read
Ardea Reports First Big Four Gold Deposit Resource

Ardea Resources Limited (ASX:ARL) has announced a maiden Inferred Mineral Resource estimate for its Big Four Gold deposit located within the Goongarrie Nickel Cobalt Project (GNCP), 70 km north of Kalgoorlie.

The company’s Inferred Resource is estimated to be 178 kt at 2.7 g/t gold, when using a 0.5 g/t Au cut off. The Resource is estimated to contain approximately 15,300 ounces gold.

Managing Director, Andrew Penkethman, said the initial resource estimate was derived following infill and extensional drilling completed by Ardea in January 2020 and historic data collated by the company.

Limited historic mining at Big Four during the 1920s to 1930s recovered and processed 571.5t of ore for 10.53kg gold (~339oz gold), at an average grade of 18.4 g/t Au. Treatment was through an on-site battery, with white tailings sand remnants still present.

The gold occurrence cropped out at surface so was discovered by prospectors. In contrast, most of Ardea’s tenure is covered by shallow alluvial cover and/or the development of a laterite profile which obscures the underlying basement gold potential.

“Ardea is highly encouraged by the maiden Big Four Gold resource, especially given that we only drilled the target for the first time in January this year. The resource confirms the gold prospectivity of the Bardoc Tectonic Zone (BTZ) within Ardea’s extensive tenement base,” Mr Penkethman said.

“The Big Four gold mineralisation was exposed in old workings at surface, but most of the BTZ structure on Ardea’s tenements is hidden by transported sediments and the development of the laterite profile.

“On- going exploration for gold within Ardea’s Eastern Goldfields tenements is expected to define multiple new zones of mineralisation.

With the Big Four Gold resource located on a granted Mining Lease, options will be considered as to how best to monetise this asset.

“This is in addition to unlocking the exploration and production potential of Ardea’s large Eastern Goldfields land holding for gold and nickel sulphide in parallel to de-risking the nickel-cobalt resources within the broader Kalgoorlie Nickel Project.

“Most importantly, potential future mining at Big Four Gold will provide valuable insights as to mine scheduling and geo-technical performance within the broader GNCP.”

TweetShareSend
Previous Post

Copper: A Question of Timing the Cycles

Next Post

Monarch Gold Signs MOU with Glencore Canada

Related Posts

Montem Welcomes Alberta Government Coal Policy Review
Featured Mining News

Montem Welcomes Alberta Government Coal Policy Review

April 9, 2021
Wiluna Extends Mine Power Contract For 10 Years
Featured Mining News

Wiluna Extends Mine Power Contract For 10 Years

April 9, 2021
Cornerstone Making Progress With Alpala PFS
Featured Mining News

Cornerstone Making Progress With Alpala PFS

April 8, 2021
Bryah Spinning The Bit Again At Windalah
Mining News

Bryah Spinning The Bit Again At Windalah

April 8, 2021
New World Intercepts of 25.4m at 5.2% Cu-Equivalent In Arizona
Mining News

New World Intercepts of 25.4m at 5.2% Cu-Equivalent In Arizona

April 8, 2021
Aston Hits Bonanza Grades At Edleston Gold Project
Mining News

Aston Hits Bonanza Grades At Edleston Gold Project

April 8, 2021
Next Post
Monarch Gold Signs MOU with Glencore Canada

Monarch Gold Signs MOU with Glencore Canada

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Mining Company Profiles

Search

More results...

Generic filters

View full company directory


Popular Articles

  • Minnows Chasing Riches in the Land of the Golden Elephants

    Minnows Chasing Riches in the Land of the Golden Elephants

    0 shares
    Share 0 Tweet 0
  • Charged for Growth

    0 shares
    Share 0 Tweet 0
  • How Palladium and Platinum’s Success is Linked to Electric Vehicles

    3 shares
    Share 3 Tweet 0
  • Ionic Signs Milestone MOU With Chinalco

    0 shares
    Share 0 Tweet 0
  • Rumble Almost Doubles Earaheedy Drilling Campaign

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Insights
  • Company Profiles
  • CEO Interviews
  • Investor Discussions
  • Newsletter
  • Magazine
  • About
  • Events
© 2021 The Assay

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

No Result
View All Result
  • Home
  • News
  • Insights
    • All Insights
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Rare Earth Metals
    • Research Reports
    • Other
  • Company Profiles
  • CEO Interviews
  • Investor Discussions
  • Newsletter
  • Magazine
  • About
  • Events

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist