Andromeda Metals Ltd Stock Market Press Releases and Company Profile

Adelaide, Mar 23, 2006 AEST (ABN Newswire) - Adelaide Resources (ASX: ADN) advises that detailed drilling commenced today at Tripitaka, the zircon dominant mineral sand discovery near Ceduna S.A announced in late 2005 by the Colona Joint Venture with Iluka Resources Limited.

Initial drill traverses are to be completed on lines 400 metres apart with holes spaced at 50 metres. It is anticipated this drilling pattern will be of sufficient density to facilitate the estimation of a minimum Inferred Resource for this deposit.

The field component of the program will last at least two months after which laboratory analyses and the resource estimation process are expected to result in the release of a resource statement during the quarter ending 30 September 2006.

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 


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


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