Adelong Gold Limited is a minerals explorer targeting high value commodities with a particular focus on Gold and owns the Adelong Goldfield in New South Wales (NSW)
Adelong Gold secures third exploration permit in Brazil. (Credit: Анатолий Стафичук from Pixabay)
Adelong Gold Limited (ASX:ADG) (Adelong Gold or the Company) is pleased to announce that the third Brazilian license has now been granted for the Santa Rita Do Araçuaí Project. This follows on from the Company’s announcement on 30 October 2023, that the initial two exploration permits had been granted.
As previously announced on 22 September 2023, the acquisition of the three permits for the Santa Rita Do Araçuaí Project are subject to certain shareholder approvals at the Company’s Annual General Meeting to be held on 27 November 2023.
Exploration Permit 832.014/2023 has now been granted by the Brazilian National Mining Agency (ANM). This finalises the grant of all three exploration permits for
the Santa Rita Do Araçuaí Project which is located within the world class ‘Lithium Valley’ in Minas Gerais.
The Santa Rita Do Araçuaí Project area has never been explored for Lithium Pegmatites and an initial two week geological reconnaissance program is planned to start in early December 2023. A senior geologist and field hand experienced in exploration for lithium pegmatites and familiar with this region have been appointed to undertake the work. This program is designed to undertake several traverses across the license area in order to identify areas of geological interest and provide some initial reconnaissance samples, to facilitate further field activity and planning for 2024.
Source: Company Press Release