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Adyton Resources Corporation ( (TSE:ADY) ) has shared an announcement.
Adyton Resources Corporation has announced progress in its drilling program at the Wapolu Gold Project, in partnership with EVIH. The project, which aims to assess the potential for restarting operations at the historical Wapolu gold mine, has seen the completion of 1,500 meters of drilling out of a planned 7,000 meters. This initiative is part of a broader strategy to revive mining operations at Wapolu, leveraging existing infrastructure and historical data. The company is also preparing to submit Mining Lease and Environment Permit applications, with plans to move drilling operations to the larger Gameta Gold Project upon completion at Wapolu. The early stages of this project benefit from support by local communities, and results from the gold assays are anticipated in March 2025.
More about Adyton Resources Corporation
Adyton Resources Corporation operates in the mining industry, focusing on the exploration and development of gold resources. The company is engaged in projects that aim to revitalize past-producing gold mines, with a significant focus on the Wapolu Gold Project located on Fergusson Island, Papua New Guinea.
YTD Price Performance: -18.75%
Average Trading Volume: 252,920
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$33.79M
For detailed information about ADY stock, go to TipRanks’ Stock Analysis page.
