- Adyton Resources (ADY) has completed its diamond drilling program at the Gameta Gold Project seven weeks ahead of schedule
- A total of 38 holes were drilled comprising 3,381 metres of drilling. The report released today included results from 15 drill holes totalling 1,183 metres
- With the completion of the Gameta drill program, the drill rigs are in the process of being demobilized and will be used at the company’s other projects
- Adyton Resources Corporation (ADY) is up 10.34 per cent on the day, trading at $0.16 per share
Adyton Resources (ADY) has completed its diamond drilling program at the Gameta Gold Project seven weeks ahead of schedule.
The Gameta Gold Project is located on Fergusson Island, within Papua New Guinea’s renowned “Rim of Fire.”
The drill program was focused on the northern third of the resource zone and had the dual objectives of increasing the confidence in, and continuity of, the existing resources.
A total of 38 holes were drilled comprising 3,381 metres of drilling. The report released today included results from 15 drill holes totalling 1,183 metres.
Highlights from the report include the results of the following drill holes:
- ADD010 intersected 5.58 g/t gold over 6.2 metres;
- ADD015 intersected 2.78 g/t gold over 8.7 metres;
- ADD016 intersected 2.88 g/t gold over 5.4 metres; and
- ADD022 intersected 1.78 g/t gold over 12.0 metres, including 3.25 g/t gold over 5.0 metres.
Frank Terranova, chair, president, and CEO of Adyton, commented on the results.
“It has been a tremendous effort by the Adyton team,” he remarked, “to complete the Gameta drill program seven weeks ahead of schedule. The assay results continue to confirm, and in many instances exceed, the historical drill results.”
“The success of the program,” he added, “has generated significant interest in the Fergusson Island project from industry participants and has given us the confidence to commence refreshing previous technical studies earlier than previously planned.”
With the completion of the Gameta drill program, the drill rigs are in the process of being demobilized and will be used at the company’s other projects.
Adyton Resources Corporation is focused on the development of gold and copper resources in world-class mineral jurisdictions.
It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring for copper and gold.
Adyton Resources Corporation (ADY) is up 10.34 per cent on the day, trading at $0.16 per share as of 2:07 pm ET.
