Albion Resources logs 280 g/t gold hit at Gidgee project

Albion Resources (ASX: ALB) has picked up what may be its strongest surface gold result yet at the Gidgee project in Western Australia, with a rock-chip sample returning 280.3 grams per tonne from the Phar Lap prospect.

The company is now cleared for a maiden drilling campaign of roughly 6,000 metres of air-core and 1,000 metres of reverse-circulation drilling, targeting priority zones across the tenure. CEO Peter Goh said the new assays confirm high-grade gold at surface and are helping refine targets ahead of the first holes.

Of 35 rock-chip samples collected across several prospects, six returned above 1.0 g/t gold. The Phar Lap sample came from iron-oxide-rich quartz vein material next to historical workings. Other results included 4.79 g/t, 4.44 g/t, 1.58 g/t and 1.57 g/t from the German Well South, Wilson Splay and Tokey Central areas.

Goh said several anomalous samples align spatially with existing gold-in-soil anomalies and interpreted regional shear zones, giving the team added confidence in the target sequence before the drill rigs arrive.

The project sits in a well-known gold district, and the 280 g/t surface reading is the kind of number that draws attention even at the early stage. The company's ALB stock page shows a current Alpha Score of 69 out of 100, reflecting a moderate outlook from the model.

The drilling program will test both the newly flagged Phar Lap and Tokey North prospects, which have not been drilled before, along with the previously defined targets. Results are expected to take several weeks from the start of drilling.