Adyton Resources Corporation (TSX-V: ADY) is pleased to announce successful results from its ongoing drill program at the 100% owned Feni Island Gold-Copper Project, located within the gold-prolific Lihir Island Chain, Papua New Guinea (PNG).
To date, 10,663m of the ongoing drill program have been completed, successfully achieving its objectives: to confirm high-grade extensions to the north; and to identify significant new scale potential to the south.
KEY HIGHLIGHTS
“Drill hole FDD017 delivered the highest gold grade (peak grade of 6.6 g/t Au) of the current campaign within a broad highly mineralized interval, providing compelling evidence that the Kabang system remains open to the north and continues to grow,” said Tim Crossely, CEO. “In addition, integrated interpretive work by Global Ore Discovery, combined with results from our recent magnetic survey and reprocessed IP data has defined what we believe to be a key south westerly fluid-flow corridor linking the Kabang epithermal gold system to a deeper porphyry source. This is a major step forward for the project. It not only strengthens the expansion potential of the existing epithermal resource but also opens the door to testing a potentially significant porphyry target at depth. We believe we are just beginning to unlock the full scale of the system.”
NORTHERN EXPANSION: High-Grade Structures Confirmed
Drilling has successfully identified a new mineralized corridor trending north-northeast (NNE), highlighted by assays from FDD017 and FDD012, as well as visual logging from surrounding later holes (pending assays) FDD018, FDD020, FDD025. This area represents a high-priority target for resource grade improvement.
SOUTHERN EXPANSION: Expanded Gold-Copper and Vectors Toward Porphyry Source
Drilling to the south-southwest (SSW), specifically holes FDD019, FDD021 and FD028, have opened another major corridor outside the current MRE block model.
RESOURCE DE-RISKING & CONNECTIVITY
The current drill program continues to feed into our understanding of the resource, and is successfully de-risking the resource, specifically increasing confidence and geological continuity.
FUTURE CATALYSTS & OUTLOOK
Adyton is well-funded (ca. CA$17m, 100% for Feni Project) and executing a systematic growth strategy. Upcoming milestones include:
SIGNIFICANT INTERCEPTS
Table 1 shows the Significant Intercepts for gold and copper assay results received to date. Figures 1 through 6 show plan maps and cross sections of the drilling and assay results to date. Table 2 provides a summary of the current status of the Feni drill program (28 drillholes for 10,663m).
Table 1: Gold and Copper Significant Intercepts from Adyton’s 2021 (ADK) and 2025/2026 (FDD) drilling at the Feni Island Au-Cu Project (gold, copper and gold equivalent). See footnotes to table: [1] [2] [3] [4]
Figure 1: Plan view of the Kabang target with Significant Intercepts on drill traces (noting numerous drillholes pending assays), with re-processed IP anomaly, and outline of >0.5g/t Au from the current MRE (yellow line).
Figure 2: Plan view overview of recent improved geological and structural understanding at Kabang, and confirming multiple vectors (geochemistry, geophysics and visuals) towards newly discovered prospective gold-copper corridors.
Figure 3: Cross section of FDD012. Highlighting the significant and broad gold-copper intercepts. Note: 5m @ 21.16g/t Ag and 7m @ 211ppm Mo (both from 266m).
Figure 4: Cross section of FDD017. Highlighting the high-grade gold intercepts (all copper pending, plus >200m to EOH pending Au & Cu assays).
Figure 5: Cross section of FDD019. Highlighting the visual correlation between leached breccia textures in FDD019 as identical to mineralized intervals in FDD003 and FDD017.
Figure 6: This long section utilizing recently reprocessed mag and IP data shows the now apparent close correlation of the Danmagal porphyry system evidenced at depth by magnetics data (red polygon >0.16MVI) and the close spatial relationship of the Kabang epithermal system (orange 27mRad IP anomaly) and known gold grades. Of note, geochemical zonation is vectoring towards a hydrothermal fluid source to the SW and to depth – exactly where the Danmagal porphyry is located. Furthermore, the Kabang drilling has encountered smaller apophyses of porphyry style intrusives and copper mineralization, and the current geological model suggests that Danmagal is the likely source of these.
Table 2: Feni Island Gold-Copper Project: drillhole details and status (as of Feb 11th).
| Hole ID | Easting | Northing | RL | DIP | AZI | Depth (m) | Status |
| FDD001 | 567,648 | 9,548,228 | 156 | -60 | 50 | 396.0 | Completed |
| FDD002 | 567,245 | 9,548,135 | 91 | -60 | 100 | 195.4 | Completed |
| FDD003 | 567,348 | 9,548,221 | 105 | -70 | 160 | 421.7 | Completed |
| FDD004 | 567,469 | 9,548,209 | 126 | -70 | 180 | 453.2 | Completed |
| FDD005 | 567,571 | 9,548,247 | 136 | -70 | 180 | 839.6 | Completed |
| FDD006 | 567,782 | 9,548,230 | 184 | -70 | 320 | 412.6 | Completed |
| FDD007 | 567,469 | 9,548,305 | 111 | -70 | 180 | 468.2 | Completed |
| FDD008 | 567,886 | 9,548,273 | 193 | -70 | 320 | 67.9 | Abandoned |
| FDD009 | 567,895 | 9,548,275 | 199 | -70 | 320 | 401.2 | Completed |
| FDD010 | 567,342 | 9,548,282 | 108 | -70 | 180 | 541.2 | Completed |
| FDD011 | 568,005 | 9,548,323 | 211 | -70 | 320 | 199.9 | Completed |
| FDD012 | 567,582 | 9,548,332 | 138 | -70 | 180 | 455.9 | Completed |
| FDD013 | 567,908 | 9,548,541 | 207 | -70 | 180 | 501.3 | Completed |
| FDD014 | 567,874 | 9,548,156 | 202 | -70 | 320 | 172.9 | Completed |
| FDD015 | 567,436 | 9,548,387 | 166 | -70 | 180 | 145.8 | Completed |
| FDD016 | 567,771 | 9,548,101 | 237 | -70 | 320 | 532.1 | Completed |
| FDD017 | 567,609 | 9,548,334 | 206 | -70 | 140 | 491.6 | Completed |
| FDD018 | 567,684 | 9,548,412 | 226 | -70 | 180 | 327.1 | Completed |
| FDD019 | 567,325 | 9,547,966 | 204 | -70 | 90 | 446.8 | Completed |
| FDD020 | 567,685 | 9,548,416 | 226 | -80 | 360 | 346.6 | Completed |
| FDD021 | 567,317 | 9,547,903 | 189 | -70 | 90 | 405 | Completed |
| FDD022 | 567,800 | 9,548,350 | 247 | -70 | 12 | 34 | Abandoned |
| FDD023 | 567,810 | 9,548,365 | 247 | -70 | 360 | 228.1 | Completed |
| FDD024 | 567,239 | 9,548,024 | 158 | -70 | 125 | 501 | Completed |
| FDD025 | 567,451 | 9,548,403 | 226 | -70 | 70 | 452 | Completed |
| FDD026 | 567,324 | 9,548,072 | 175 | -90 | 360 | 367.8 | Completed |
| FDD027 | 567,597 | 9,548,347 | 125 | -70 | 320 | 340.3 | In progress |
| FDD028 | 567,217 | 9,547,934 | 83 | -70 | 210 | 113.4 | In progress |
| TOTAL (m) | 10,663m |
Table notes: FDD008 & FDD022 were abandoned at a shallow depth while still in post-mineral cover due to operational issues, redrilled as FDD009 & FDD023 respectively. FDD002 was terminated prematurely due to ground conditions while still in visual mineralisation.
WGS 84 Zone 56S UTM coordinates.
FERGUSSON ISLAND PROGRESS UPDATE
EVIH our JV partner continues to progress in parallel permitting for the Wapolu mine restart along with purchasing commitments to long lead items and project logistic solutions. In early February, Adyton Managing Director, Tim Crossley, and EVIH Project lead, Louis Wang, jointly presented the projects restart plans to the Mineral Resources Authority (MRA). Adyton and EVIH remain confident that a H2 restart of Wapolu will be achieved.
QUALITY ASSURANCE / QUALITY CONTROL
Adyton adheres to industry-recognized standards of Best Practice and Quality Assurance/Quality Control (QA/QC). Drill core samples were submitted in batches to Intertek Laboratory in Lae, which include a field blank, certified reference materials (CRMs) and staged duplicates. Samples were sealed using single-use tie-locks ensuring Chain of Custody. To date, all batches have passed QA/QC, and blanks and CRMs were within acceptable tolerance limits. All drill holes were drilled and sampled predominantly from PQ and HQ diameter drill core, and to a much lesser extent, also NQ core. Core recovery is considered to be appropriate.
Qualified Person
The scientific and technical information contained in this press release has been prepared, reviewed, and approved by Dr Chris Bowden, PhD, GCMEE, FAusIMM(CP), FSEG, the Chief Operating Officer and Chief Geologist of Adyton, who is a “Qualified Person” as defined by National Instrument 43‐101 ‐ Standards of Disclosure for Mineral Projects.
ABOUT THE FENI GOLD-COPPER PROJECT
The Feni Project is 100% owned by Adyton and is a key asset in Adyton’s portfolio, located in a highly prospective region of Papua New Guinea on the Lihir Island chain known for world-class gold-copper deposits, including Lihir (owned and operated by Newmont). The Company has confirmed significant gold-copper mineralization at Feni, with a focus on expanding its existing resource and identifying new high-grade targets.
Adyton Resources Corporation is focused on the development of gold and copper resources in world class mineral jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant copper drill intercepts on the 100% owned Feni Island project. The Company’s mineral exploration projects are located on the Pacific Ring of Fire on easy to access island locations which hosts several globally significant copper and gold deposits including the Lihir gold mine and Panguna copper/gold mine on Bougainville Island, both neighboring projects to the Company’s Feni Island project.
Adyton has a total Mineral Resource Estimate inventory within its PNG portfolio of projects comprising indicated resources of 206,000 ounces gold and inferred resources of 2,193,000 ounces gold (need grade and tonnes).
Feni Island Au-Cu project
The Feni Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which has outlined an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of 1,460,000 ounces, assuming a cut-off grade of 0.5 g/t Au. See the NI 43-101 technical report entitled “NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and “qualified person” as defined in NI 43-101,available under Adyton’s profile on SEDAR+ at www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic viability.
Fergusson Island Au project
The Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101, which outlined an indicated mineral resource of 5.0 million tonnes at an average grade of 1.28 g/t Au for contained gold of 206,000 ounces and an inferred mineral resource of 23.2 million tonnes at an average grade of 0.99 g/t Au for contained gold of 733,000 ounces, both inferred and indicated resources used a 0.5g/t Au cut-off grade.
See the technical report dated October 14, 2021, entitled “NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea” prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and “qualified person” as defined in NI 43-101, available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic viability.
See the technical report dated January 7, 2026, entitled “NI 43-101 Technical Report on Wapolu Gold Project” prepared for Adyton Resources by Louis Cohalan (MAIG), an independent mining consultant and “qualified person” as defined in NI 43-101. This report will be filed on SEDAR+ at www.sedarplus.ca within 45 days of this release. Mineral resources are not mineral reserves and have not demonstrated economic viability.
[1] Interval widths are “apparent” widths downhole, subject to true width determination.
[2] ADK series drilling (2021) reported previously to TSX.V. Au.eq recalculated here.
[3] Gold equivalent calculated as: Au.eq = ((Au g/t *0.93) + (Cu% *1.71 * 0.90)). Based on: metal prices of US$2,000/oz Au and US$5/lb Cu; and recoveries of 93% Au and 90% Cu. Recovery assumptions are speculative as no metallurgical test work have been completed at Feni but are based on comparable deposits.
[4] FDD002 & FDD004 ended in mineralisation.
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