Adyton Resources Corporation (TSX-V: ADY) is pleased to provide an update on the current diamond drilling program at its 100% owned Gameta Gold Project on Fergusson Island, located within Papua New Guinea’s renowned “Rim of Fire”.
The assay results reported in this release continue to confirm or exceed the results of historical RC drilling and increase the confidence in the existing geological model.
Highlights:
ADD010: | 6.2m | (40.8-47.0m) | @ 5.58 g/t Au |
ADD015: | 8.7m | (32.2-40.9m) | @ 2.78 g/t Au |
ADD016: | 5.4m | (4.4-9.8m) | @ 2.88 g/t Au |
ADD022 | 12.0m | (21.0-33.0m) | @ 1.78 g/t Au |
Incl | 5.0m | (24.5-29.5m) | @ 3.25 g/t Au |
Frank Terranova, Chairman, President and Chief Executive Officer of Adyton commented, “It has been a tremendous effort by the Adyton team 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 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.”
The Gameta drill program was focussed on the northern third of the resource zone and had the dual objectives of increasing the confidence in, and continuity of, the existing resources. The drill program concluded on June 4, 2021, seven weeks ahead of schedule. Thirty eight diamond drill holes were completed (ADD001 to ADD038) for a total of 3,381m.
“Based on my previous executive experience in the region, my confidence that this project is a legitimate producer in waiting continues to grow, and we will start to plan accordingly,” Mr. Terranova added.
This release reports assays for drill holes ADD009 to ADD023 totalling 1,183 metres. Assays for drill holes ADD024 to ADD038 are in progress and will be reported in future releases. A full listing of significant intersections for holes ADD009 to ADD023 is presented in Note (2) to this release.
Geological Overview:
Fergusson Island is one of the D’Entrecasteaux Islands, which are in the western end of the Woodlark extension.
Adyton has three separate exploration projects on Fergusson Island:
The geological setting is dominated by Miocene-Recent crustal thinning created by extension (stretching) of the crust. This thinning has resulted in doming of metamorphic core complexes separated from an over-thrusted sub-seafloor oceanic mantle by a decollement overlaying ultramafic rocks of the obducted block.
Gold mineralisation is hosted in the DFZ and within the footwall dioritic gneiss and appears to be both fracture- and dyke-related, plus sulphide-hosted.
The mineralisation model for Gameta and Wapolu suggests that gold is associated with hydrothermal fluids and is concentrated in shallow-dipping deposits within or immediately adjacent to the DFZ, which bounds the metamorphic core complexes. This general setting is analogous to such deposits as Misima in PNG and Mesquite and Picacho in California.
The gold occurs in association with fine sulphides as disseminations and in epithermal quartz veins in lensoid zones parallel to the DFZ.(2)
Drill Program Overview:
The diamond drilling program 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 (refer Figure 1).
The drilling was focussed on the northern third (“the northern ore zone”) of the known resources with a strike extent of over 700m being tested (note the resource zone itself occurs over a strike interval of 2,000m).
Testing targeted the shallower open pitable material, with drilling generally less than 120m and aimed 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 was also part of the program, testing below and down dip from known resources.
“Figure 1 Gameta Project drill hole plan. Refer Figure 2 for detailed view of Cross Section 26 and Figure 3 for detailed view of Cross Section 24” is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8a78d926-78ff-4e8d-ba64-010b396f70e8
Current drilling:
The Gameta drill program concluded on June 4, 2021, seven weeks ahead of schedule. 38 diamond drill holes were completed (ADD001 to ADD038) for a total of 3,381m.
Results have been returned from Holes ADD001 to 023, with significant high-grade gold intercepts being recorded on holes ADD001, 002, 003 (TSX-V Announcement 05 May 2021) and 006 (reported on 26 May 2021) and ADD010, 015, 016 and 022 reported in this release. In general, the results support previous drilling and in places enhance the results of the historical RC drilling. (e.g., ADD010).
ADD015 (Az 400; -800 dip; EOH 86m) intersected two zones of mineralisation (Figure 2), extending the mineralised area identified from previous drilling.
ADD010 (2200; dip -700; EOH 87.4m) returned a significant intersection down dip from previous drilling (Figure 3), extending the high-grade resource in this area. This area has further been followed up in hole ADD033, for which results are awaited.
“Figure 2 Cross section 26 showing results from current drill program. Unlabelled holes are historical RC drill holes.” is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/839406d6-f2e1-4953-b5d7-bb6d3d90c182
Completion of Gameta drill program and targeted drill program for the Wapolu Project
With the completion of the Gameta drill program, the drill rigs are in the process of being demobilised.
One rig is to be used for a short infill program at the Wapolu project, sampling the main areas for geological information and samples for metallurgical test work.
The second rig will be mobilised to Feni Island to join an existing rig currently being commissioned (see TSX-V release 4 June 2021).
“Figure 3 Cross section 24 showing results from current drill program. Unlabelled holes are historical RC drill holes.” is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3c8c39d4-355b-4c3f-b440-469a022216a3
Hole ID | East | North | RL (m) | Length (m) | Az (deg) | Dip (deg) | From (m) | To (m) | Interval (m) | Au g/t |
ADD009 | 257,067 | 8,959,024 | 15 | 90.7 | 220 | -70 | No intersection | |||
ADD010 | 257,032 | 8,958,990 | 30 | 87.4 | 220 | -70 | 40.8 | 47.0 | 6.2 | 5.58 |
82.0 | 83.0 | 1.0 | 6.58 | |||||||
ADD011 | 256,954 | 8,959,060 | 21 | 65 | 40 | -65 | 43.4 | 51.6 | 8.2 | 1.32 |
ADD012 | 257,037 | 8,958,950 | 25 | 81.2 | 0 | -90 | 50.0 | 53.0 | 3.0 | 0.93 |
64.0 | 66.0 | 2.0 | 2.19 | |||||||
ADD013 | 256,971 | 8,959,148 | 15 | 85.6 | 40 | -75 | No intersection | |||
ADD014 | 257,074 | 8,958,893 | 32 | 78.4 | 220 | -70 | 21.0 | 24.0 | 3.0 | 0.62 |
41.5 | 57.8 | 16.3 | 0.65 | |||||||
ADD015 | 256,911 | 8,959,018 | 28 | 86 | 40 | -80 | 2.8 | 10.1 | 7.3 | 0.86 |
17.9 | 19.3 | 1.4 | 1.98 | |||||||
25.6 | 32.2 | 6.6 | 0.61 | |||||||
32.2 | 40.9 | 8.7 | 2.78 | |||||||
ADD016 | 256,885 | 8,959,116 | 10 | 99.4 | 220 | -70 | 0.0 | 4.4 | 4.4 | 0.60 |
4.4 | 9.8 | 5.4 | 2.88 | |||||||
12.0 | 15.0 | 3.0 | 0.52 | |||||||
22.0 | 24.0 | 2.0 | 1.60 | |||||||
ADD017 | 257,115 | 8,958,931 | 25 | 106.8 | 220 | -70 | 25.0 | 26.6 | 1.6 | 1.70 |
42.0 | 44.0 | 2.0 | 1.16 | |||||||
78.0 | 80.0 | 2.0 | 1.02 | |||||||
ADD018 | 256,836 | 8,959,187 | 10 | 39.9 | 220 | -70 | 10.4 | 11.9 | 1.5 | 1.23 |
ADD019 | 257,095 | 8,958,794 | 40 | 71.9 | 220 | -70 | 41.0 | 42.0 | 1.0 | 0.91 |
44.0 | 55.0 | 11.0 | 1.11 | |||||||
ADD020 | 256,896 | 8,959,242 | 5 | 66.7 | 220 | -70 | 51.0 | 53.8 | 2.8 | 1.76 |
62.0 | 63.0 | 1.0 | 2.67 | |||||||
ADD021 | 257,153 | 8,958,848 | 30 | 116.4 | 220 | -70 | 36.6 | 37.6 | 1.0 | 1.16 |
ADD022 | 256,883 | 8,959,174 | 7 | 52.7 | 220 | -70 | 21.0 | 33.0 | 12.0 | 1.78 |
Incl | 24.5 | 29.5 | 5.0 | 3.25 | ||||||
ADD023 | 257,000 | 8,959,103 | 18 | 54.9 | 220 | -75 | No intersection |
(Coordinates in UTM Zone 56, Southern Hemisphere (WGS84)
(3) Information regarding QA / QC procedures in relation to exploration results reported in this release
Gold assays have been carried out by Lead collection 50g charge Fire Assay with AAS finish at Intertek Laboratories, Lae, PNG, an accredited laboratory to ISO/IEC 17025 (2005) for quantitative gold determination.
All assays have been subject to quality control measures appropriate for diamond drilling where certified reference materials / standards have been included in each batch of samples submitted as part of the quality assurance / quality control process.
Qualified Person
The scientific and technical information contained in this press release has been prepared, reviewed, and approved by Rod Watt, BSc Hons (Geo), FAusIMM, Chief Geologist and a director of Adyton, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Adyton Resources Corp press release dated May 05, 2021: “The technical information in this press release has been reviewed and approved by Rod Watt, who is a fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI43-101). Mr. Watt consents to the inclusion of his name in this release. Mr Watt verified the data disclosed in this press release in accordance with industry standard best practices, including sampling, analytical, and test data underlying the information or opinions contained therein.
ABOUT ADYTON RESOURCES CORPORATION
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. The Company’s mineral exploration projects are located on the Pacific Ring of Fire which hosts several world class copper and gold deposits.
“Map showing the location of Adyton’s Papua New Guinea exploration projects relative to significant PNG gold projects.” is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6180193f-c979-4c58-9ba1-c8ffd2587923
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