- Adyton Resources (ADY) has intersected high grade gold drilling at the company's Gameta Project
- The Gameta Gold Project is located within Papua New Guinea’s renowned Rim of Fire
- The results come from the company's initial 3,000-metre diamond drill program
- Adyton Resources is up 2.50 per cent on the day with shares of the company trading at C$0.20 at 12:03 pm ET
Adyton Resources (ADY) has intersected high grade gold drilling at the company's Gameta Project.
Results from further holes are expected in mid-May, with the remainder to follow in June.
"We are excited to report the first assay results from diamond drilling at the Gameta gold project. The results confirm the high-grade assay results from historical RC drilling as well as identifying the potential for a higher-grade core to the existing resource. These results increase the confidence and continuity in the existing resource and support our strategy of accelerating technical studies and developing early production scenarios for the Gameta Project," said Adyton Chairman, President and Chief Executive Officer Frank Terranova.
The current diamond drilling program at the Gameta Project is testing the continuity of mineralization within the DFZ and below into the gneissic footwall, as well as increasing confidence on previous RC drilling programs from the mid-1990s within the existing inferred resource envelope.
Fergusson Island is one of the D’Entrecasteaux Islands, which are at the western end of the Woodlark extension. Adyton has three separate exploration projects on Fergusson Island.
Adyton Resources is up 2.50 per cent on the day with shares of the company trading at C$0.20 at 12:03 pm ET.