Adelong Gold Limited announced that the Company is continuing with its drill program with the next drilling location being the Caledonian deposit with a view to target potential extensions. The Company also remains on track to initiate drilling at the Sawpit deposit that would then assess the potential for generating a maiden resource at that project. Drilling at Gibraltar has been completed with the initial five drill holes around the Perkin's shaft area and a further two drill holes to the south targeting the western extension of the major vein mined in the O'Brien workings to +400m depth.

All holes showed mineralisation and strong alteration. Samples from all holes have been dispatched to ALS Orange and results are awaited in the coming weeks. Caledonian: A program of four RC drillings is to start in the near future.

An initial two holes will explore for northern extensions to the mineralisation intersected in 2022 in hole CAL009. This drillhole reported an intersection of 6m @ 6.68 g/tAu before hitting a four meter void left from historical mining. A further two drillholes are designed to test a poorly explored component of the main vein in the south.

The 2022 drilling at Caledonian gave a much clearer picture of the nature of mineralisation at the Caledonian deposit and as previously announced, there are low gold grades at surface with all the surface holes generating gold grades less than 1g/tAu. This has been interpreted as a depletion zone of 30-40m depth below surface but with an associated supergene enrichment below. This will also help target further deeper drilling at Caledonian in the future.

This depletion zone is interpreted to be present in all the low-lying areas north of the Challenger Deposit. The Challenger deposit, Caledonian Deposit and Fletchers workings lie on a major shear structure that traverses this entire low lying area. While there were many shallow holes drilled in this zone in search of deposits, very few had the depth that would have intersected commercial grades.

Sawpit: A site visit to Sawpit was completed with the drill supervisors, and site access work commenced to gain access. Site preparation work is to be concluded before drilling can commence and is scheduled to follow the drilling at Caledonian. Sawpit is the southernmost deposit in a line of workings that can be traced for around 3km.

Historical gold production from this group of mines was relatively small as grades tended to be sub-economic for mining by old timers. Sawpit had recorded production of around 2,500oz and Lady Mary recorded production of only 4,500oz of gold. However, drilling at Sawpit and mapping of old shafts/workings show multiple veins and reasonably wide widths of mineralisation.

Only the Sawpit deposit has been drilled to relatively shallow depths and as seen in the two cross sections, representing drilling over 25m either side of the section line, there are multiple intersections. The proposed drilling at Sawpit would involve 5 drill holes designed to confirm earlier work, test the deposits at depth and provide some infill holes that would better define the mineralisation.