Adelaide Resources hits further gold and copper at Rover 1 Prospect

Adelaide Resources (ADX: ADN) has reported further good gold and copper intersections at the Rover 1 Prospect located 80 kilometres southwest of Tennant Creek in the Northern Territory.

Rover 1 straddles the southern boundary of tenement EL 7739 and tenements owned by Westgold Resources (ASX: WGR).

Assays from Hole WGR1D040-2 returned: 15 metres at 5.72 g/t gold and 1.73% copper (including 7 metres at 11.2 g/t gold) and 3 metres at 8.10 g/t gold and 0.99% copper.

The second drillhole, WGR1D044-5, located 50 metres east of WGR1D040-2, intersected a zone of anomalous gold and copper in altered sediments.

Adelaide Resources’ managing director Chris Drown said the company was excited "to confirm the presence of good grade gold mineralisation, and to show that mineralisation persists for quite some distance into our tenement."

"Our interpretation of a westerly vector towards better grades of gold and copper presents a target region for the next stage of our exploration program which has the goal of scoping the resource potential of our part of the Rover 1 deposit,” he added.

Taken together, the five holes drilled to date on Adelaide Resources’ tenement indicate a probable westerly vector towards mineralisation, with attractive grades of gold and copper present in western holes R1ARD30, R1ARD30-1 and WGR1D040-2, but low grades in eastern holes R1ARD29 and WGR1D044-5.

The company said the 2010 Rover Project drilling program is scheduled to commence next week and continue until late in 2010.

http://www.proactiveinvestors.com.au/companies/news/6295/adelaide-resources-hits-further-gold-and-copper-at-rover-1-prospect-6295.html