ACDC Metals' Q1 2024 drilling program yields significant heavy mineral sand discovery

ACDC Metals Limited (ASX: $ADC) has announced the successful completion of its Q1 2024 drilling program at the Watchem North heavy mineral sand Project in western Victoria. The program confirmed the discovery of a new high-grade strandline, named the Venice Beach strandline, with shallow, high-grade, heavy mineral sand and potential for further discoveries. The company's share price is currently at A$0.065 with a market cap of A$4.7M and no debt, as of 3 May 2024.

Executive Commentary on Watchem North Discovery

ACDC Metals CEO Tom Davidson expressed enthusiasm about the results, stating, 'These exciting results reinforce our ability to discover new high-grade mineral sand occurrences across our large exploration licence package. We have an emerging discovery already at our Douglas Project, and now a second high-grade, shallow discovery at Watchem North. Our geologists are also very excited about the new strandline we have identified by reprocessing government magnetic data, which we believe may have large scale potential.'

Summary of ACDC Metals' Announcement

ACDC Metals' Q1 2024 drilling program at the Watchem North heavy mineral sand Project has yielded significant results, confirming the discovery of the Venice Beach strandline with high-grade, shallow, heavy mineral sand. The company also identified a potential extension to lluka Resources' Barbary deposit and a new strandline target. The results indicate the potential for further discoveries and the company's ambitions to continue exploring and defining the extent of mineralisation at the Watchem North project. ACDC Metals is focused on projects in the Murray Basin of western Victoria, with an emerging discovery at its Douglas Project and ongoing exploration for high-grade mineral sand occurrences.