Mr. James Nelson reports
ADELAYDE EXPLORATION ENGAGES DRILL CONTRACTOR FOR THE CLAYTON RIDGE GOLD PROJECT IN NEVAD
Adelayde Exploration Inc. has executed a drilling services agreement with Titan Drilling Ltd. to conduct the company's fully funded inaugural drill program at its 100-per-cent-owned Clayton Ridge gold project, located in Esmeralda county, Nevada.
Highlights:
- Drilling expected to commence in the coming days on Clayton Ridge gold project in Nevada;
- Adelayde is fully financed to aggressively advance multiple work programs across its portfolio through the second half of 2026, including gold in Nevada and antimony in New Brunswick;
- Data results from the company's Lake George antimony project are expected shortly;
- Well positioned with two critical defence metals projects amid tightening supply, escalating geopolitical hostilities and rising global demand for secure North American sources.
James Nelson, president of Adelayde, stated: "This drill program represents the company's first drilling campaign on a project that we believe has been underexplored 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 programs 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. With global supply chains facing continued disruption and geopolitical tensions increasing, secure North American sources of these strategic commodities are becoming increasingly important. We expect to be very active on multiple projects and look forward to providing updates as our exploration activities progress throughout the remainder of the year."
Qualified person for mining disclosure
The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.
About Adelayde Exploration Inc.
Adelayde's projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a mineral resource estimate of 320 million tonnes at 803 parts per million lithium for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) and 157 million tonnes at 865 parts per million lithium for 723,000 inferred tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The company also holds the 248-acre Clayton Ridge gold project in Esmeralda county, Nevada, as well as the 4,722-acre George Lake South antimony project and the 9,780-acre Sisson North tungsten project, both located in New Brunswick. Management cautions that past results or discoveries on properties in proximity to Adelayde may not necessarily be indicative of the presence of mineralization on the company's properties.
We seek Safe Harbor.
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