Adelayde signs drill contract for Clayton Ridge gold project
me-metals: The company has secured funding to continue several work programmes across its portfolio through to H2 2026.
According to me-metals cited by mining-technology.com, Adelayde Exploration has signed an agreement with Titan Drilling for a drill programme at its Clayton Ridge Gold Project in Esmeralda County, Nevada, US.
The programme, which is fully funded, is expected to begin in the coming days.
Adelayde has secured funding to continue several work programmes across its portfolio through to the second half of 2026 (H2 2026).
These include gold exploration in Nevada and antimony projects in New Brunswick, Canada.
Results from the company’s Lake George Antimony Project are expected soon.
Adelayde president James Nelson said: “This drill programme represents the company’s first drilling campaign on a project that we believe has been under-explored relative to its potential and is an important milestone for the company.
“With a strong treasury, we are well positioned and funded to advance multiple exploration programmes across our portfolio, including the Lake George Antimony project, where we expect data results back shortly.
“Our project portfolio includes both antimony and tungsten, providing us with exposure to two critical defence metals.”
The Clayton Ridge project comprises 12 contiguous claims covering approximately 248 acres.
In addition to Clayton Ridge, Adelayde Exploration holds three lithium projects in Clayton Valley, Nevada, namely the McGee lithium clay deposit, the Elon lithium brine project and the Green Clay lithium project.
The McGee deposit has an estimated mineral resource of 320 million tonnes (mt) at 803 parts per million (ppm) lithium for 1,369,000 indicated tonnes of lithium carbonate equivalent, and 157mt at 865ppm lithium for 723,000 inferred tonnes of lithium carbonate equivalent.
The Elon project provides access to one of North America’s currently producing lithium brine basins.
Other holdings include the George Lake South antimony project (4,722 acres) and the Sisson North tungsten project (9,780 acres), both located in New Brunswick.
source: mining-technology.com
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