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Adelong Gold (ASX: $ADG) identifies pegmatites in Brazilian licenses

Adelong Gold's identification of pegmatites in Brazilian licenses


Adelong Gold Limited (ASX: $ADG) has announced the identification of heterogeneous pegmatites associated with granite-greisen bodies across 10 Brazilian licenses in the Paraiba Province Project. The preliminary reconnaissance has revealed encouraging results for elements of interest, including REE, Lithium, and Beryllium. These licenses complement the Company's highly prospective exploration tenements in the 'Lithium Valley' of Minas Gerais, Brazil.

Executive Commentary on Exploration Results


The Company is pleased to report the identification of pegmatites across the Brazilian licenses. The preliminary sampling campaign has yielded encouraging results for various elements, indicating the potential for valuable mineral deposits. These findings align with our strategic focus on expanding our exploration portfolio in regions known for hosting lithium-type pegmatites. The next steps involve a comprehensive stream sediment sampling program, detailed mapping, and rock sampling, supported by appropriate geophysical datasets to further interpret the geological-structural context.

Summary of Adelong Gold's Exploration Announcement


Adelong Gold's identification of pegmatites in the Brazilian licenses marks a significant milestone in the Company's exploration efforts. The presence of heterogeneous pegmatites associated with granite-greisen bodies, along with encouraging results for elements such as REE, Lithium, and Beryllium, underscores the potential for valuable mineral deposits. The Company's strategic acquisition of these licenses in Paraiba Province complements its existing exploration assets in the 'Lithium Valley' of Minas Gerais, Brazil. The upcoming comprehensive sampling program and geological investigations aim to further delineate the potential mineralization, supporting the Company's pursuit of expanding its mineral exploration and production capabilities.

ADELONG GOLD LIMITED
ADG | ASX | Materials
0.006-0.001(-14.29%)
At close 05/07 (AEDT)
Market cap
$7.8M
Volume
1,891,655
DY Yield
0
PE Ratio
0
52 Week Range
0.003 - 0.012
1YR Return
-70%

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