Adelong Gold Discovers High-Grade Gold and Antimony at Lauriston

Adelong Gold Strikes High-Grade Gold at Comet and Confirms First Antimony Discovery at Trojan

Adelong Gold Limited (ASX:ADG) has delivered impressive results from its ongoing diamond drilling programme at the Lauriston Gold-Antimony Project in Victoria, with 27.1 g/t gold hits at Comet and first-time antimony confirmation at the emerging New Trojan discovery. The company's systematic exploration approach is validating the project's potential as a Fosterville-style epizonal system.

Furthermore, Adelong Gold's high-grade gold discovery represents a significant breakthrough in the exploration of this promising Victorian gold district. The results demonstrate the exceptional potential of the company's strategic position adjacent to the world-renowned Fosterville Mine.

Comet Delivers High-Grade Gold Results

The company's six-hole diamond drilling programme at Comet has confirmed high-grade gold within the Comet Shear, with standout results that exceed industry expectations. These findings validate the historical data that originally attracted Adelong to the Lauriston Project.

Key Intercepts and Technical Results

Outstanding drill intercepts include:

• AC2502: 9.8m @ 2.76 g/t Au from 90.9m, including 0.7m @ 27.1 g/t Au from 100.0m and 0.6m @ 5.33 g/t Au from 91.4m
• Additional zone: 4.3m @ 1.01 g/t Au from 82.7m
• AC2504: 1.0m @ 3.09 g/t Au from 166.6m and 0.8m @ 1.84 g/t Au from 146.8m

Critically, all six holes intersected the Comet Shear with well-developed arsenic halos characteristic of Fosterville-style epizonal Au-Sb systems. This geological validation provides strong evidence supporting the project's potential for significant resource development.

"These first assays from Comet confirm high-grade gold within the Comet Shear, validating the historic intercepts that drew us to Lauriston. Just as importantly, the first results from New Trojan confirm the gold-antimony association we expected," commented Managing Director Ian Holland.

New Trojan: Emerging Antimony Discovery

The first diamond drilling assays from New Trojan have confirmed a gold-antimony system, representing a significant new discovery for the company. This breakthrough adds substantial strategic value through exposure to critical mineral resources.

Antimony-Gold System Confirmation

Initial results demonstrate compelling antimony grades alongside gold mineralisation:

• AY2608: 1.9m @ 0.48% Sb and 0.88 g/t Au from 103.3m
• AY2607: 0.3m @ 0.67% Sb and 3.80 g/t Au from 90.9m
• AY2605: 0.7m @ 1.46% Sb and 0.49 g/t Au from 96.0m

This antimony confirmation is strategically important given the critical mineral status of antimony and its association with high-grade gold systems in Victoria. Additionally, the discovery opens potential revenue streams beyond gold production.

What Makes Epizonal Au-Sb Systems Valuable?

Epizonal Au-Sb systems are shallow-crustal gold deposits characterised by distinctive mineral zonation that creates predictable exploration targets. These systems typically show arsenopyrite-dominant zones in upper levels, transitioning to stibnite-rich intermediate zones, and gold-only mineralisation at depth.

Why Investors Should Take Notice

However, the investment appeal extends beyond geological theory. Predictable zonation allows systematic targeting of high-grade zones, whilst multiple commodity potential provides revenue diversification through gold and antimony production.

Furthermore, the well-understood exploration model reduces geological risk, and proven economic viability at operations like Fosterville demonstrates commercial potential. This combination creates a compelling investment proposition for resources investors.

Programme Progress and Technical Excellence

The drilling programme demonstrates systematic execution with 17 holes completed across three prospects, showcasing the company's methodical approach to resource definition.

Quality Assurance Measures

In addition to comprehensive drilling, Adelong maintains rigorous quality standards:

• All samples submitted for photon assay to test for coarse gold
• Fire assay with 30g charge at ALS Orange laboratory
• Systematic quality control with blanks and certified standards
• Professional core handling with on-site facilities

The presence of visible gold in AC2502 triggered additional photon assay testing, recognising the nuggety nature typical of Fosterville-style systems. For instance, this approach ensures accurate grade assessment in systems known for coarse gold distribution.

Strategic Value Proposition

Adelong Gold's high-grade gold discovery positions the company advantageously within Victoria's premier mining district. The 28,700-hectare tenement adjacent to Fosterville Mine provides substantial exploration upside within established infrastructure.

Geographic and Technical Advantages

The 4.5km Comet-Trojan corridor hosts multiple prospects with established infrastructure in a proven mining district. Moreover, technical validation demonstrates consistent geological model across all drill holes with well-developed arsenic halos supporting epizonal system interpretation.

Structural continuity has been demonstrated down-dip and along-strike, whilst Fosterville-analogous mineral assemblages and textures provide confidence in the exploration model.

Resource Expansion Potential

Minimal historical drilling provides significant upside potential across multiple prospects within the extensive tenement package. The systematic exploration approach reduces execution risk whilst maintaining focus on high-priority targets.

Next Phase Development Strategy

Following completion of the current 3,000-metre programme, Adelong will transition to Apollo Project for winter drilling before returning to Lauriston. This approach ensures continuous exploration momentum throughout seasonal variations.

Priority Targets for Future Development

The follow-up programme will focus on strategic objectives:

1. Down-dip and strike continuity testing at Comet Shear
2. Stacked shear potential beneath Comet Anticline
3. Step-out drilling along the 4.5km corridor
4. Antimony-rich zones at New Trojan-Countess trend

The programme remains fully funded, ensuring continuous exploration momentum without capital constraints. This financial security provides investors with confidence in sustained exploration activities.

Investment Thesis: Multi-Catalyst Value Creation

Adelong Gold presents multiple value catalysts converging over the coming months, creating compelling investment appeal for resources-focused portfolios.

Immediate and Medium-Term Catalysts

Immediate catalysts include:

• Remaining assay results from current drilling programme expected within weeks
• Photon assay results testing for coarse gold across all samples
• Apollo Project drilling commencing for winter programme

Medium-term value drivers encompass:

• Resource definition drilling at high-grade Comet zones
• Discovery extension along 4.5km structural corridor
• Antimony resource development at Trojan-Countess trend
• System-scale exploration across 28,700-hectare tenement

Strategic Positioning Advantages

Fosterville-adjacent location in proven gold district provides unparalleled geographic advantages. Dual-commodity exposure to gold and critical mineral antimony offers revenue diversification potential.

Additionally, the systematic exploration approach reduces geological risk, whilst a strong technical team with relevant deposit experience enhances execution confidence.

Why Investors Should Follow Adelong Gold

Adelong Gold has positioned itself as a compelling exploration story with multiple high-quality catalysts converging over the coming months. The company's systematic approach to exploring Fosterville-style systems creates substantial value potential for astute investors.

The confirmation of Adelong Gold's high-grade gold discovery at Comet validates the historical data that attracted Adelong to Lauriston. Simultaneously, the antimony discovery at Trojan adds strategic value through critical mineral exposure.

With 17 holes completed and systematic follow-up planned, investors have visibility on near-term newsflow and potential value inflection points. Most importantly, the geological validation of the Fosterville-style system interpretation provides confidence in the exploration model.

"Adelong Gold's high-grade gold discovery at Comet represents a significant milestone in systematically exploring the Lauriston Project. With antimony confirmation at Trojan and multiple catalysts ahead, the company offers compelling exposure to Victoria's premier gold district."

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