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Broken Hill, June 3, 2011 (ABN Newswire) - Adelaide Resources (
ASX:ADN) Managing Director Chris Drown speaks with ABN Newswire at the Resources and Energy Symposium in Broken Hill. Adelaide Resources is a company focused on gold, copper and uranium with projects spread throughout Queensland, Northern Territory and South Australia.
Adelaide Resources is creating a new IPO for Peninsular Resources with a new copper-gold discovery, drilling and it's first discovery pre-IPO
To obtain a prospectus for Peninsular Resources, visit the website:
http://www.peninsularresources.com.au
and follow the links.
View the Video Interview at:
http://www.abnnewswire.net/multimedia/en/67760/Adelaide-Resources
Adelaide Resources' main project, Rover, is targeting ironstone-hosted gold-copper of Tennant Creek style. The hosting ironstone bodies are contained within a basement inlier of Proterozoic Warramunga Group, the same sequence that hosts the Tennant Creek deposits. The basement at Rover is overlain by 100 to 200 metres of Cambrian Wiso Basin sediments, and the prospective ironstone bodies have been mapped through this cover by detailed airborne and ground magnetic surveys, as well as gravity surveying. The project is regarded as having outstanding discovery potential, and is interpreted as essentially a repetition of the Tennant Creek mineralized district concealed by younger cover. Adelaide Resources holds a key strategic tenement position in the field, and is proceeding with systematic drill testing of the most highly rated magnetic and gravity targets within its ground.
ASX:ADN) Managing Director Chris Drown speaks with ABN Newswire at the Resources and Energy Symposium in Broken Hill. Adelaide Resources is a company focused on gold, copper and uranium with projects spread throughout Queensland, Northern Territory and South Australia.Adelaide Resources is creating a new IPO for Peninsular Resources with a new copper-gold discovery, drilling and it's first discovery pre-IPO
To obtain a prospectus for Peninsular Resources, visit the website:
http://www.peninsularresources.com.au
and follow the links.
View the Video Interview at:
http://www.abnnewswire.net/multimedia/en/67760/Adelaide-Resources
Adelaide Resources' main project, Rover, is targeting ironstone-hosted gold-copper of Tennant Creek style. The hosting ironstone bodies are contained within a basement inlier of Proterozoic Warramunga Group, the same sequence that hosts the Tennant Creek deposits. The basement at Rover is overlain by 100 to 200 metres of Cambrian Wiso Basin sediments, and the prospective ironstone bodies have been mapped through this cover by detailed airborne and ground magnetic surveys, as well as gravity surveying. The project is regarded as having outstanding discovery potential, and is interpreted as essentially a repetition of the Tennant Creek mineralized district concealed by younger cover. Adelaide Resources holds a key strategic tenement position in the field, and is proceeding with systematic drill testing of the most highly rated magnetic and gravity targets within its ground.
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About Adelaide Resources Limited
Adelaide Resources Limited (ASX:ADN) is an Australian Securities Exchange listed company focusing on mineral exploration for gold, copper and uranium deposits.
Adelaide Resources currently has interests in 22 exploration licenses, covering over 7,800 sq km within South Australia, the Northern Territory and Queensland.
The company's goal is to grow shareholder wealth through involvement in a significant mineral discovery, and ultimately through successful mine development.
About Symposium
Symposium exists to connect the Australian resources industry with the investment community at both a domestic and international level. We provide a range of opportunities for mining, coal, oil, gas and other energy-related businesses to present to and engage with potential investors. Our events, from monthly roadshows to annual conferences in Australia as well as North America and China are all specifically designed to showcase the resources industry, raise awareness and create mutually beneficial business partnerships. For more information see: www.symposium.net.au
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