Various historical technical studies have identified the potential for silver to be present within higher grade gold zones on the
To confirm the silver potential of the Gameta project, a complete multi-element analysis of drill core samples ('Multi Element Analysis') from the current drill program is being undertaken in addition to the lead collection fire assays which are undertaken to analyse the gold content of the drill core samples ('Gold Assays'). The Gold Assays are performed at the
The silver potential identified by the multi-element assays complements the already exceptional Gold grades reported from the Gameta drill program, providing further validation of our decision to accelerate technical studies for the
'This management team has a track record of identifying opportunities, growing companies and delivering longer term shareholder value within the
Drill Program Overview
The diamond drilling program at the
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
Current drilling
The Gameta drill program was completed on
The Gold Assays are performed at the
This release reports the multi-element assay results for holes ADD001 to ADD008 for which gold assays were reported in releases dated
Significant silver grades will be separately reported going forward as multi-element results are progressively returned from the laboratory and will be considered in the preparation of an updated resource estimate for the Gameta project which is expected to be completed in the third quarter of 2021. ON BEHALF OF THE BOARD OF ADYTON RESOURCES CORPORATION
Contact:
Tel: +61 7 3854 2389
Email: fterranova@adytonresources.com
Gold assays have been carried out by Lead collection 50g charge Fire Assay with AAS finish at
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.
Forward looking statements
This press release includes 'forward-looking statements', including forecasts, estimates, expectations, and objectives for future operations that are subject to several assumptions, risks, and uncertainties, many of which are beyond the control of Adyton. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as 'may', 'will', 'should', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'continue', 'plans' or similar terminology. Forward looking statements in this news release include plans for additional drill testing, the intention to prepare additional technical studies, the timing of additional drill results, and the preparation of a resource upgrade in Q3 2021. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, changes in general macroeconomic conditions; changes in securities markets; changes in the price of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of and changes in the costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities) and title to properties. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Readers are cautioned not to place undue reliance on forward looking statements or information.
ABOUT
Adyton was formed by a reverse takeover transaction completed with
(C) 2021 Electronic News Publishing, source