# ALB: First Aircore Hole Returns 7m at 3.6g/t Au at Gidgee Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/alb-first-aircore-hole-returns-7m-at-3-6g-t-au-at-gidgee--8e705493-fd34-4246-ae14-1e9cf985fdaa Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151426 Publisher: asx Original announcement: 2026-10-12T21:14:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-12T22:16:39.725Z Atlas analysis updated: 2026-10-12T22:16:39.725Z - Company: Albion Resources Limited - Ticker: ALB - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-10-12 22:16:40 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Albion Resources Limited announced encouraging initial gold assay results from the first aircore drill hole \(ABAC008\) at its Gidgee Gold Project in Western Australia. The hole returned 7m at 3.6 g/t Au from 60m, including 3m at 6.7 g/t Au, and ended in mineralization. This significant shallow intersection extends the known gold mineralization at German Well South by 200m to the south, increasing the interpreted strike length to 600m. Reasoning: The initial aircore drill hole ABAC008 returned a significant shallow gold intersection, including an exceptional grade, extending the known mineralization at German Well South by 200m to the south. This represents the first results from the current program and indicates strong exploration potential, despite being from a single hole with unestablished true widths. - Positive factor: high\_grade\_gold\_intersection - Positive factor: significant\_width - Positive factor: shallow\_depth - Positive factor: extends\_known\_mineralization - Positive factor: ended\_in\_mineralization - Positive factor: first\_results\_from\_new\_program - Positive factor: qaqc\_disclosed - Positive factor: jorc\_compliant - Negative factor: only\_one\_hole\_reported - Negative factor: apparent\_width\_only - Negative factor: aircore\_drilling\_technique Facts used in scoring: 3 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### ABAC008 [Link to this fact](https://atlas-staging.minestarters.com/news/alb-first-aircore-hole-returns-7m-at-3-6g-t-au-at-gidgee--8e705493-fd34-4246-ae14-1e9cf985fdaa#fact-drill-facts-0) Gidgee · gold #### Identity - Hole ID: ABAC008 - Project: Gidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: ALB #### Geometry - Grade: 3.6 - Grade Unit: g/t - Intercept: 7 m - From: 60 m - To: 67 m - Hole Depth: 73 m - Intercept Depth: 60 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: ABAC008:60-67 - Mining Method: open\_pit #### Location - Location: German Well South - Easting: 734306 - Northing: 7017144 - CRS: GDA 94 MGA zone 50 - Elevation: 555 m - Azimuth: 270 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Intertek Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: This initial intercept is a strong gold grade over a good width at a shallow depth, representing a significant step-out from known mineralization and the first results from the current program. - Positive factor: strong\_grade - Positive factor: good\_width - Positive factor: shallow\_depth - Positive factor: step\_out\_extension - Positive factor: first\_results\_from\_program - Positive factor: qaqc\_disclosed - Positive factor: jorc\_compliant - Negative factor: apparent\_width\_only - Negative factor: only\_one\_hole\_reported Evidence · text > ABAC008 returning 7m at 3.6 g/t Au from 60m #### Tags used in scoring **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Albion's current program represents the first exploration drilling across the project since 2014, with historical drilli" #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The intercept is located approximately 200m south of the main historical drilling area, extending the known mineralization. Evidence · text > 200m south of the main historical drilling area at German Well South **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that all reported intersections represent downhole lengths and true widths have not been established. Evidence · text > All reported intersections represent downhole lengths; true widths have not been established. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The release details a QAQC program including field duplicates, blanks, and certified reference materials, and mentions Intertek Laboratories' internal procedures. Evidence · text > A QAQC program comprising two field duplicates, two blanks and two certified reference materials \(CRMs\) is incorporated into each laboratory submission batch. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The document states that significant gold intersections are calculated using a lower cut-off grade of 0.5 g/t Au, allowing a maximum of 2-3 m of internal dilution. Evidence · text > Significant gold intersections are calculated using a lower cut-off grade of 0.5 g/t Au, allowing a maximum of 2-3 m of internal dilution. ### ABAC008 [Link to this fact](https://atlas-staging.minestarters.com/news/alb-first-aircore-hole-returns-7m-at-3-6g-t-au-at-gidgee--8e705493-fd34-4246-ae14-1e9cf985fdaa#fact-drill-facts-1) Gidgee · gold #### Identity - Hole ID: ABAC008 - Project: Gidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: ALB #### Geometry - Grade: 6.7 - Grade Unit: g/t - Intercept: 3 m - From: 63 m - To: 66 m - Hole Depth: 73 m - Intercept Depth: 60 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: ABAC008:63-66 - Mining Method: open\_pit #### Location - Location: German Well South - Easting: 734306 - Northing: 7017144 - CRS: GDA 94 MGA zone 50 - Elevation: 555 m - Azimuth: 270 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Intertek Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: This sub-interval represents an exceptional gold grade, which is the highest reported for the project to date, significantly enhancing the prospectivity of the new discovery area. - Positive factor: exceptional\_grade - Positive factor: bonanza\_intercept - Positive factor: shallow\_depth - Positive factor: step\_out\_extension - Positive factor: first\_results\_from\_program - Positive factor: qaqc\_disclosed - Positive factor: jorc\_compliant - Negative factor: apparent\_width\_only - Negative factor: only\_one\_hole\_reported Evidence · text > including 3m at 6.7 g/t Au. #### Tags used in scoring **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Albion's current program represents the first exploration drilling across the project since 2014, with historical drilli" #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The grade of 6.7 g/t Au exceeds the 4 g/t Au exceptional threshold for orogenic gold deposits. Evidence · text > 3m at 6.7 g/t Au **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The intercept is located approximately 200m south of the main historical drilling area, extending the known mineralization. Evidence · text > 200m south of the main historical drilling area at German Well South **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that all reported intersections represent downhole lengths and true widths have not been established. Evidence · text > All reported intersections represent downhole lengths; true widths have not been established. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The release details a QAQC program including field duplicates, blanks, and certified reference materials, and mentions Intertek Laboratories' internal procedures. Evidence · text > A QAQC program comprising two field duplicates, two blanks and two certified reference materials \(CRMs\) is incorporated into each laboratory submission batch. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The document states that significant gold intersections are calculated using a lower cut-off grade of 0.5 g/t Au, allowing a maximum of 2-3 m of internal dilution. Evidence · text > Significant gold intersections are calculated using a lower cut-off grade of 0.5 g/t Au, allowing a maximum of 2-3 m of internal dilution. ### ABAC008 [Link to this fact](https://atlas-staging.minestarters.com/news/alb-first-aircore-hole-returns-7m-at-3-6g-t-au-at-gidgee--8e705493-fd34-4246-ae14-1e9cf985fdaa#fact-drill-facts-2) Gidgee · gold #### Identity - Hole ID: ABAC008 - Project: Gidgee - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: ALB #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 1 m - From: 72 m - To: 73 m - Hole Depth: 73 m - Intercept Depth: 60 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: ABAC008:72-73 - Mining Method: open\_pit #### Location - Location: German Well South - Easting: 734306 - Northing: 7017144 - CRS: GDA 94 MGA zone 50 - Elevation: 555 m - Azimuth: 270 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Intertek Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au - Dilution Disclosed: Yes - Max Dilution: 3 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: This intercept at the end of the hole indicates that mineralization remains open at depth, suggesting further exploration potential, although it is narrow and low-grade. - Positive factor: ended\_in\_mineralization - Positive factor: potential\_for\_depth\_extension - Positive factor: first\_results\_from\_program - Positive factor: qaqc\_disclosed - Positive factor: jorc\_compliant - Negative factor: apparent\_width\_only - Negative factor: only\_one\_hole\_reported - Negative factor: narrow\_width - Negative factor: low\_grade Evidence · text > ABAC008 ended in gold mineralisation, returning 1m at 0.8 g/t Au from 72m \(end of hole at 73m\) #### Tags used in scoring **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Albion's current program represents the first exploration drilling across the project since 2014, with historical drilli" #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The intercept is located approximately 200m south of the main historical drilling area, extending the known mineralization. Evidence · text > 200m south of the main historical drilling area at German Well South **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The document explicitly states that all reported intersections represent downhole lengths and true widths have not been established. Evidence · text > All reported intersections represent downhole lengths; true widths have not been established. **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The release details a QAQC program including field duplicates, blanks, and certified reference materials, and mentions Intertek Laboratories' internal procedures. Evidence · text > A QAQC program comprising two field duplicates, two blanks and two certified reference materials \(CRMs\) is incorporated into each laboratory submission batch. **Compositing Transparent** — Rejected; excluded from scoring Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Reason: The document states that significant gold intersections are calculated using a lower cut-off grade of 0.5 g/t Au, allowing a maximum of 2-3 m of internal dilution. Evidence · text > Significant gold intersections are calculated using a lower cut-off grade of 0.5 g/t Au, allowing a maximum of 2-3 m of internal dilution. ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.