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Albion Resources Limited (ASX:ALB)

ALERT: Price-sensitive ASX Announcement for ALB
Current share price for ALB : $0.049 0.002 (4.26%)+
Announcement
Release
9 Jun 2026 8:30AM
Price at Release
$0.047
Full Release
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Summary
Albion Resources Limited has announced the identification of eight new gold target areas within the Gidgee Gold Project, situated across 19km of shear corridors in the Gum Creek Greenstone Belt. These targets are linked to historical drill intersections, artisanal activities, and elevated pathfinder elements. German Well South continues to be a high-priority target, supported by significant historical drill results. The recent soil geochemistry findings have expanded Albion's exploration pipeline beyond the German Well South, revealing the potential for more gold-bearing structures. A geophysical review is nearing completion to assist in target ranking, and a drilling program is planned for the third quarter of 2026.
Key Points
  • Eight new gold target areas identified in the Gidgee Gold Project.
  • 19km of shear corridors known to control many deposits within the Gum Creek Greenstone Belt.
  • Targets associated with historical gold drill intersections, artisanal prospecting, and elevated pathfinder elements.
  • German Well South remains a priority drill target with significant historical drilling results.
  • Recent geochemical data supports the expansion of exploration pipeline.
  • A geophysical review is underway to further contextualize these targets.
  • Albion plans to begin an aircore and RC drill program in Q3 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.