Adit Resources Corp. (“Adit”) was incorporated on June 29, 2009 under the laws of the State of Nevada. The principal business of Adit is the acquisition, exploration, development, and economic mining of high-quality precious metals and mineral projects within North America. It currently exists as a partially-owned subsidiary of US based, publically trading, Tara Minerals Corp. (trading symbol TARM).
Adit is currently focused on progressing its 100% controlled Picacho gold property, located in México and held under American Copper Mining S.A. de C.V., a wholly owned Mexican subsidiary of Adit. Picacho is comprised of 7,060 hectares and is located within a larger area of hydrothermal alteration that hosts numerous base and precious metal occurrences along the western part of the Northern Sierra Madre Gold Belt.
The Picacho property has over 8.5 km strike length of gold bearing veins. Past production, prior to modern exploration or processing methods, of over 200,000 gold ounces is estimated from 0.6 km of the Picacho Vein by high grade stoping and bulk mining for smelter flux. Drilling in 2007 by Tara Minerals included true width intercepts of 11.3 m of 15.6 grams per tonne gold, 6.1 m of 4.7 grams per tonne gold, and 9.4 m of 7.8 grams per tonne gold. There is potential for over one million gold ounces that could be mined as a high grade underground mine. Adit believes that the favorable logistics, past history, and geology make Picacho the highest quality gold exploration property in northern México.
Opportunity Summary – Large High-Quality Advanced Project in Safe Geopolitical Location with Experienced Management
· Private US corporation with a public US listing planned in 2010.
The business strategy of Adit is to become a leading low-cost precious metals producer with the initial objective of advancing the Picacho property to the point of having inferred resources by late 2010 and into production by late 2012. Several factors form the basis to justify aggressively advancing these projects towards production.
1) The amount of historical work completed on these properties.
2) The grades returned from recent sampling.
3) The proximity of the project to other similar advanced stage gold/silver projects.
4) The known and potential cumulative length of the mineralized structures.