Adyton Resources (TSX-V:ADY, OTCQB:ADYRF) Corporation has reported the discovery of a newly identified high grade ore zone at the Gameta project in Papua New Guinea.
Located on the Pacific Ring of Fire, the Gameta project has been the subject of a maiden diamond drill program, where the company has drilled 38 holes measuring 3,381m meters (m).
According to the statement, drilling undertaken within the existing resource envelope continued to meet or exceed previous drilling results. Significant intercepts were reported for holes ADD033 and ADD035, with highlights including 6m (34m – 40m) grading at 2.82 grams per ton (g/t) gold, 1m (15m – 16m) grading at 2.81 g/t gold, 1m (33m – 34m) grading at 1.23 g/t gold and 1.2m (76.7m – 77.9m) grading at 3.82 g/t gold.
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Additionally, drilling outside the existing resource envelope intersected high grade mineralization beneath the level of previous historical drilling, which is open along strike and down dip. Of the five holes in this area, two ended in mineralization.
Once all the drill data has been compiled, work on the resource update, metallurgical test work and technical studies for the Gameta project will continue to proceed ahead of schedule.
High quality drill targets identified to the south of the existing resource envelope will be further examined in the next phase of drilling.
“The discovery of a new high-grade mineralized zone outside the existing Gameta resource envelope is a potential game changer for the project. All six of the holes drilled to test for new mineralization outside the existing resource envelope and below previous RC drilling programs carried out in the 1990’s intersected high-grade mineralization, with two of the holes ending in mineralization,” said Frank Terranova, chairman, president and CEO at Adyton in a statement.
“This new high-grade zone remains open along strike and down dip and will be tested as a matter of priority in the next phase of drilling.”
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