
Adyton Resources Corporation (TSX-V: ADY) is pleased to report its first preliminary gold only assays from three diamond drill holes and provide an update on its ongoing 2025 drilling activities. This news release is also designed to provide new geological observations on drillholes pending assays at its 100% owned Feni Island project.
HIGHLIGHTS
FDD001: 76m @ 1.43g/t Au (from 95m) for 108gxm[1]
FDD002: 144.2m @ 1.18g/t Au (from 45m, EOH) for 170gxm
including: 93m @ 1.58g/t Au (from 45m) for 147gxm
FDD003: 81m @ 1.12g/t Au (from 70m) for 90gxm
(Cautionary Statement: Observations of mineralization do not necessarily accurately predict true laboratory determined assay mineralization. Analytical assay results are pending and required to confirm the presence and grade of mineralization.)
Tim Crossley, Chief Executive Officer, commented:
“These preliminary gold assays are very encouraging and demonstrate consistently greater than 100 gram/metre grade intercepts at relatively shallow depths. Subsequent to these holes being drilled we have tested for deeper mineralized extensions outside of the existing block model and we have had success with strong visual observed mineralisation to end of the holes. In particular, hole FDD005 was drilled to 839m and showed visual mineralisation from 45m through to end of hole, for a 794m mineralized interval. This hole in particular has generated a lot of excitement with our geology team as we await with interest for the assays to be reported.”
Dr Chris Bowden COO and Chief Geologist, commented:
“We are encouraged by what we are seeing in the drill core from this round of drilling at the Feni Island project. Initial assay results (preliminary gold only) for the first three drillholes confirm the geological model for the shallow, gold-bearing hydrothermal breccias encountered just below the base of the post-mineral tephra cover. These initial assay results give us confidence in the additional drillholes that also show visual observations of strong sulphide mineralisation within similar breccias, plus the upside of the deeper porphyry-style mineralisation (still pending assays).”
Significant Intercepts and Geology
Table 1 shows the Significant Intercepts received to date based on preliminary gold assays for the first three drillholes. Figures 2 and 3 show examples of gold mineralization based on assays. Figures 4 to 8 show examples of visual mineralization (pending assays). Table 2 provides a summary of the status of the Feni drill program.
Table 1: Significant Intercepts from the Feni Project (preliminary gold assays to date)
Hole ID | From (m) |
Interval (m) |
Gold (Au g/t) |
Copper (Cu %) |
Gold Equiv.[2] (Au.eq g/t) |
Au.eq (gxm) Gram Metre |
FDD001 | 95 | 76 | 1.43 | pending | pending | 108 |
FDD002 | 45 | 144.2 | 1.18 | pending | pending | 170 |
inc. | 45 | 93 | 1.58 | pending | pending | 147 |
FDD003 | 70 | 81 | 1.12 | pending | pending | 90 |
Figure 1: Plan view of the current drill program and targets within the existing Kabang to Matangkaka mineralized corridor.
Core photos of visual mineralization (assays pending) including examples from: FDD001 (Figure 2), FDD002 (Figure 3), FDD004 (Figure 4), FDD005 (Figures 5 & 6), FDD006 (Figure 7), and FDD007 (Figure 8).
Figure 2: FDD001 Box 34-35. Tephra (top run) into sulphide mineralized hydrothermal breccia. Within the 76m @ 1.43g/t Au, the interval from 97m to 102m graded 5m @ 3.31g/t Au.
Figure 3: FDD002 Box 32-33. Sulphide mineralized breccia. Within the 144.2m @ 1.18g/t Au (to EOH), the interval 86m to 90m graded 4m @ 3.15g/t Au.
Figure 4: FDD004 from 87.62m to 91.2m. Sulphide (pyrite 5%) mineralized breccia (assays pending).
Figure 5: FDD005 from 92.10m to 95.60m. Semi-massive sulphide (5-10% pyrite-arsenopyrite-chalcopyrite) (assays pending).
Figure 6: FDD005 Box 243 From 827.30m to 830.60m: monzodiorite with pervasive potassic (biotite+/-k-feldspar) alteration, quartz+/-magnetite+/-pyrite/chalcopyrite veining and disseminated pyrite (3%) and chalcopyrite (1%) (assays pending).
Figure 7: FDD006 from 198.5m to 202.10m. Potassic altered intrusive with stockwork qz-anhydrite veining with pervasively disseminated fine sulphides (pyrite 3%) (assays pending).
Figure 8: FDD007 zone proximal to 240m. Strongly sulphide-silica-clay altered and mineralised breccia (ca. 5-10% py-asp) (assays pending).
Visual Results – Geological Observations from Core Logging
FDD004 Drillhole
FDD004 tested the Gap between the Kabang and Matangkaka mineralized zones that include the MRE. From the base of tephra to end of hole (EOH), FDD004 intersected variably mineralized breccias and intrusive units.
Highlights include:
FDD005 Drillhole
FDD005 was designed to test the Gap between Kabang and Matangkaka zones and east of hole FDD004. FDD005 was drilled to a depth of 839.60m. This drillhole encountered a sequence of hydrothermal breccias (HBX), diorites, microdiorite, monzodiorite, and andesitic dykes, exhibiting silicic, sulphide, clay and potassic alteration. Sulphide mineralization is widespread, ranging from disseminated to semi-massive pyrite and chalcopyrite, with key mineralized zones developed from surface to over 800m depth downhole (-70 dip and EOH to 839m equals 788m vertical depth).
Highlights include:
FDD006 Drillhole
FDD006 is testing the northeast extension of Matangkaka zone and is outside any previous drilling. FDD006 was drilled to a depth of 412.6m. The upper 69 metres intersected tephra cover. From 69m to end of hole, intersected extensive hydrothermal breccias and mineralized intrusives.
Highlights include:
FDD007 Drillhole
FDD007 is testing the lateral extent of the gold bearing hydrothermal breccias in a north to northwesterly direction, located north of FDD005. FDD007 was drilled to a depth of 468.20m. The hole encountered extensive hydrothermal breccias and a range of intrusive units including monzodiorite, quartz monzodiorite, and diorite. Widespread disseminated and fracture-hosted sulphides (primarily pyrite, chalcopyrite, and arsenopyrite) were observed throughout, with total sulphide contents locally reaching 6-10%.
Highlights include:
Table 2: Feni Drill Hole Details (WGS 84 Zone 56S UTM coordinates)
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 | Terminated prematurely 1 |
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 | 174 | 468.2 | Completed |
FDD008 | 567,886 | 9,548,273 | 193 | -70 | 314 | 67.9 | Abandoned 1 |
FDD009 | 567,895 | 9,548,274 | 193 | -70 | 314 | 37.4 | In-progress |
FDD010 | 567,342 | 9,548,282 | 108 | -70 | 174 | 40.0 | In-progress |
1 FDD008 were abandoned at a shallow depth while still in post mineral cover due to operational issues. FDD002 was terminated prematurely due to ground conditions while still in observed visual mineralisation.
Feni Island on-trend location
The Adyton projects are located in PNG on easily accessible island locations. Feni Island is part of the Tabar to Feni Island chain to the Northwest that hosts the operating gold mines of Simbiri and Lihir while Feni hosts a foundation resource of inferred 1.45mozAu. To the southeast of Feni on Bougainville Island lies the giant Panguna deposit.
ABOUT ADYTON RESOURCES CORPORATION
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 173,000 ounces gold and inferred resources of 2,000,000 ounces gold.
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.
The Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which outlined an indicated mineral resource of 4.0 million tonnes at an average grade of 1.33 g/t Au for contained gold of 173,000 ounces and an inferred mineral resource of 16.3 million tonnes at an average grade of 1.02 g/t Au for contained gold of 540,000 ounces. See the technical report 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.
For more information about Adyton and its projects, visit www.adytonresources.com.
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.
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