In some cases, Adit will advance projects by sharing financial risk with mutually beneficial partnerships while retaining a healthy percentage of future cash flow. In other cases, Adit will utilize its own capital to put low-cost, high-yield properties into production, retain 100% interest and leverage the cash flow to acquire additional properties.
Initially, Adit Resources is focused on exploration and development of the Picacho gold property in Sonora, México.
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.