Andromeda Metals Ltd Stock Market Press Releases and Company Profile
Tripikata Water Drilling
Tripikata Water Drilling

Adelaide, Oct 19, 2007 AEST (ABN Newswire) - An important milestone for the potential development of Tripitaka has been achieved in recent drilling with the successful location of a likely underground water supply within an acceptable distance of the zircon resource.

With the objective of locating a suitable source of underground water for a Tripitaka mine development, the Colona Joint Venture (Iluka Resources (ASX: ILU) 51%; Adelaide Resources(ASX: ADN) 49%) has completed the first phase of a water exploration drilling program.

Initial results from this work are encouraging with saline groundwater intersected on all three traverses drilled (see plan). Good indicative flows were encountered as close as 15km to Tripitaka in coarse gravelly sands at acceptable depths near the base of palaeochannels. All three traverses fall outside the Yellabinna Regional Reserve.

Saline groundwater is quite suitable for a water supply in the gravity separation
process used for extraction of heavy mineral concentrates from mineral sand deposits.

Additional drilling is planned in the December quarter to more quantitatively define the water supply.

About Andromeda Metals Ltd

Adelaide Resources ASX ADNAndromeda Metals Ltd (ASX:ADN) is an Australian Securities Exchange listed company focusing on mineral exploration for gold, copper and lithium deposits. The company has built a highly prospective exploration portfolio of projects covering 7,969 sq kms within 21 exploration licences located in South Australia, Queensland, Western Australia and the Northern Territory. Andromeda Metals was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The company's head office is in Adelaide, South Australia.

Andromeda Metals' vision is to be a sustainable minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.

abnnewswire.com 



About Iluka Resources Limited

Iluka Resources Limited (ASX:ILU) is a major international mineral sands resource company. It is involved in the exploration, project development, operations and marketing of mineral sands products. The major part of Iluka's production base is in Australia, with mining and processing operations in ?Sierra Leone. The corporate office is located in Perth, Western Australia. Iluka has regional and marketing offices, as well as warehouse distribution points in a range of locations.

abnnewswire.com 


Contact

Chris Drown
Managing Director

Nick Harding
Executive Director, Company Secretary

Tel: +61-8-8271-0600
Email: adres@adelaideresources.com.au
www.andromet.com.au


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 4) (Last 30 Days: 19) (Since Published: 6782) 

Research Report