.
Location: 2 km N from Adelong, New South Wales, Australia
Suite 205a, Level 2, 480 Collins StreetMelbourneVictoria, Australia3000
Stay on top of the latest gold discoveries. Examine the latest updates on drilling outcomes spanning various commodities.
Mining scale, mining and mill throughput capaciites.Full profiles of select mines and projects.
Shaft depth, mining scale, backfill type and mill throughput data.Full profiles of select mines and projects.
Equipment type, model, size and quantity.Full profiles of select mines and projects.
Camp size, mine location and contacts.Full profiles of select mines and projects.
Under the terms of the Agreement, GDM will be responsible for progressing the Adelong Gold Project towards production, with a key milestone of achieving first gold production within 12 months. Should this milestone not be met, Adelong Gold retains the right to revert to 100% ownership of the project.
The Agreement was finalised in March 2025, with GDM to earn a 15 per cent stake in Challenger by spending $300,000 on exploration. The company will earn a 51 per cent stake by reaching gold production.
Deposit type: The deposit type is that of narrow sub-vertical gold bearing quartz veins hosted in granitic rocks. • Geological setting: o Regionally: - The Adelong Project is regionally situated at the southern end of the Lachlan Fold Belt (an orogenic zone containing many mineral deposits and mines). - Two contrasting geological and tectonic environments dominate the Adelong region – the Wagga-Omeo Belt to the W (with Adelong on its eastern edge) and the Tumut Trough to the east. - Adelong is located on the eastern edge of the Wagga-Omeo Belt. The WaggaOmeo Belt is a metamorphic terrain dominated by metasediments that were deposited in a marginal basin. Granitoids are widespread and occur near Adelong, along with numerous small gabbroic stock like bodies. - The Tumut Trough is dominated by rift-related sequences of flysch sediments, mafic-felsic volcanics and related sediments, and minor granites. - The N to NW trending, west dipping, Gilmore Suture defines the boundary between the two zones. The Gilmore Suture broadly defines a 300 km long belt of gold (+/- copper) mineralisation in which several mines and numerous prospects are located. o Locally: - In the local Adelong area the Gilmore suture bifurcates into the Gilmore Fault Zone (E of Adelong) and a subsidiary western structure known as the Wondalga Shear Zone (west of Adelong). - The dominant rock types in the Adelong Project area are the Wondalga Granodiorite and the Avenal Basic Igneous Complex (ABIC) comprising norites, gabbros and diorites.• Mineralisation style: - Primary gold mineralisation is described as occurring in “reefs”, generally narrow sub-vertical vein or shear structures. - These occur predominantly in N to NW trending structural corridors between the Wondalga Shear Zone and the Gilmore Suture.- This area is the focus of strong deformation and late stage intrusive activity, accompanied by significant hydrothermal alteration and gold mineralisation. - The aplite dykes, along with the mafic dykes and quartz veins, are regarded as the likely conduits and hosts of the gold mineralisation. - However the source of the ore bearing fluids appears unrelated to magmatic fluids associated with the Wondalga Granodiorite or the ABIC themselves and a deep mantle source is postulated.
- subscription is required.
