Intersection Of 2.7m @ 34 g/t Ag Complements Recently High-Grade Gold Results
Adyton Resources Corporation (TSXV: ADY) has confirmed the potential for the Gameta project in Papua New Guinea to contain a significant silver resource following multi-element analysis of drill core samples from its latest diamond drilling programme.
Various historical technical studies have identified the potential for silver to be present within higher grade gold zones on the Fergusson Island deposits. In addition, high silver grades were intersected within some of the higher-grade gold zones reported in diamond drilling carried out in the early 2000’s.
Chairman, President and CEO, Frank Terranova, said that to confirm the silver potential of the Gameta project, a complete multi-element analysis of drill core samples from the current drill programme is being undertaken in addition to the lead collection fire assays which are undertaken to analyse the gold content of the drill core samples.
The gold assays are performed at the Intertek laboratories in Lae in Papua New Guinea, after which the samples are shipped to laboratories in Australia for the multi-element analysis. The reporting of silver assays for a drill hole therefore occurs sometime after gold assays are reported for that drill hole.
Multi-element assay results for holes ADD001 to ADD008 have now been returned, with significant silver reported in holes ADD001, 002 and 006.
Highlights:
Multi-element analysis of drill core samples reported significant silver intersections including:
- ADD001: 7.2m (26-33.2m) @ 12.5 g/t Ag
- ADD002: 20.7m (11.9-32.2m) @ 7.5 g/t Ag
- ADD006:18.1m (60.7-78.8m) @ 12.6 g/t Ag, Incl 2.7m (68.8-71.5m) @ 34.0 g/t Ag
“We are committed to obtaining a complete understanding of the Fergusson Island projects and advancing them as quickly as possible,” Mr Terranova said.
“The Pacific Rim of Fire is globally renowned for producing exceptional world class mineral assets that have demonstrated accelerated growth and, in many instances, surpassed the initial geological consensus of what their potential might be.
The silver potential identified by the multi-element assays complements the already exceptional Gold grades reported from the Gameta drill programme, providing further validation of our decision to accelerate technical studies for the Fergusson Island projects and justifying the commencement of a follow up drill program as soon as practically possible.”
“This management team has a track record of identifying opportunities, growing companies and delivering longer term shareholder value within the Pacific Rim of Fire. Having been listed since February 2021, our focus continues to be the establishment of a solid foundation for Adyton’s future operations by remaining well-funded and rapidly advancing the Company’s core projects through targeted, disciplined and cost-effective exploration and development programmes,” he added.
The diamond drilling programme at the Gameta Project was designed to test the continuity of mineralisation within the DFZ and below into the gneissic footwall, and to increase confidence in historical assay results within the existing inferred resource envelope from RC drilling conducted in the mid-1990’s.
The drilling is focussed on the northern third (the northern ore zone) of the known resources with a strike extent of over 700m being tested.
Testing is targeting the shallower open pitable material, with drilling generally less than 120m and aims to provide confirmatory data to support the results from historical RC drilling programs ahead of an expected resource upgrade in Q3 2021. Some extensional drilling is also part of the program, testing below and down dip from known resources.
Whilst historical drilling and previous technical studies identified the potential for silver to be present within higher grade gold zones on the Fergusson Island deposits, to date a silver resource has not been estimated.
To enable a more complete understanding of the silver potential of the projects, and to potentially enable the estimation of a silver resource, a complete multi-element analysis of drill core samples from the current drill programme is being undertaken in addition to the lead collection fire assays which are undertaken to analyse the gold content of the drill core samples.
The Gameta drill programme was completed on June 4, 2021, some seven weeks ahead of schedule, with 38 diamond drill holes totalling 3,381m having been drilled.
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