Adyton Resources has reported the final assay results from its “bold” expansionary drilling hole FDD005 at the Feni gold-copper project in New Ireland province.
This particular hole has recorded 158m at 0.72 grams per tonne (g.t) of gold equivalent, including a 32m section at 1.09 g/t gold equivalent. It is the fifth consecutive drill hole with assays of greater than 100 grams x metres gold equivalent.
The drill hole, the project’s deepest, ended with significant molybdenum at the end of the hole. The 383 parts per million molybdenum measurement signifies a direct link to a deeper-seated intrusive-related mineral system.
FDD0005 also encountered strong and broad zones of gold and copper mineralization within the “gap” zone that is wide open for expansion between the two open pit resources defined in the maiden resource estimate.
Adyton chief operating officer and chief geollgist Chris Bowden noted that the highlighted intersection was of a lower grade than previous drillholes, in part because it was focused in the gap between two already defined resources.
“The two very broad zones of gold-copper mineralisation clearly indicate the footprint and scale of the system at Feni is extensive,” he said.
“We now have higher confidence that FDD005 likely sits in a structural offset, explaining the significantly wide and highly anomalous grades. Furthermore, the re-review of the geophysics and assay results has resulted in a revised understanding of the potential structural controls to mineralisation.”
Adyton chief executive officer Tim Crossley said the it was a “bold move” to drill in the “gap” area of the project’s block model.
“It is the deepest hole ever drilled at Feni with a gold bearing vertical footprint of greater than 700m,” he said.
“Our next focus is to integrate the new data from our current drill program into our historical data set and recent close-spaced drone magnetic survey to vector in on and identify the higher-grade zones within this extensive mineral system.”
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