Source: Resource World Magazine
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Adyton Resources Corp. (ADY) has carried out an auxiliary trenching program at its Gameta Gold Project
  • The trenching program was designed to follow up on the recently successful diamond drill program at Gameta
  • Highlights from the trenching program include 1.68 g/t gold over 60 metres
  • Adyton Resources is focused on the development of gold and copper resources in world class mineral jurisdictions
  • Adyton Resources Corp. (ADY) is up 6.67 per cent, trading at $0.08 per share

Adyton Resources (ADY) has completed an auxiliary trenching program at its Gameta Gold Project on Fergusson Island.

The trenching program was designed to follow up on the recently successful diamond drill program at Gameta, which currently has a 360,000-ounce gold inferred mineral resource.

Frank Terranova, chairman, president, and CEO of Adyton, commented on the program.

“The success of our maiden drilling program at Gameta continues to be validated via the recent trenching results,” he said. “We are now accelerating technical studies and the next phase of drilling to further define the significant potential of the Ferguson Island project.”

Highlights from the trenching program include 1.68 g/t gold over 60 metres, including 2.29 g/t gold over 16 metres and 3.39 g/t gold over 6 metres.

“This deposit,” said Mr. Terranova, “is outcropping at surface with grade exceeding the historical results.”

Trenching intersected the main mineralized zone—the Detachment Fault Zone—along with hanging wall colluvium and basement metamorphics. The trench results will now be incorporated into the updated resource model.

Adyton has three separate exploration projects on Fergusson Island, including Gameta, Wapolu, and Oredi Creek.

“The combination of Gameta and Wapolu deposits will have sufficient scale to produce an economic project with substantial upside,” said Mr. Terranova.

Adyton Resources 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 Corp. (ADY) is up 6.67 per cent, trading at $0.08 per share as of 12:16 pm ET.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.