
Adyton Resources Corporation (TSX-V: ADY) is pleased to report final assays from expansionary drill hole FDD005 at its 100% owned Feni Au-Cu project, Papua New Guinea. The results continue to confirm the significant scale of the Feni gold-copper mineral system, whilst also highlighting the challenges and opportunities of exploring a very large mineralized system that is under cover, particularly to target and intercept higher-grade gold-copper zones.
HIGHLIGHTS
Tim Crossley, Chief Executive Officer, commented:
“The drilling of hole FDD005 was a bold move in the middle of the “gap” area in our block model. It is the deepest hole ever drilled at Feni with a gold bearing vertical footprint of greater than 700m. Our next focus is to integrate the new data from our current drill program into our historical data set and recent close-spaced drone magnetic survey to vector in on and identify the higher-grade zones within this extensive mineral system.”
Dr Chris Bowden, Chief Operating Officer and Chief Geologist, commented:
“While the highlight intersection in FDD005 was lower-grade than previous drillholes, it still reported >100gxm and the two very broad zones of gold-copper mineralization (382m @ 0.43g/t AuEq (from 69m) and 332m @ 0.13g/t AuEq (from 508m to EOH)) clearly indicate the footprint and scale of the system at Feni is extensive. Subsequently, we have re-interrogated the assay results with the outcomes from geophysics data (including high resolution drone survey). We now have higher confidence that FDD005 likely sits in a structural offset, explaining the significantly wide and highly anomalous grades. Furthermore, the re-review of the geophysics and assay results has resulted in a revised understanding of the potential structural controls to mineralization (more akin to the structural setting at Lihir).”
Significant Intercepts and Geology
Table 1 shows the Significant Intercepts for gold and copper assay results received to date. Figures 1, 2 and 3 show a plan map 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 (15 drillholes for 5,216.9m).
Figure 1: Plan view of Adyton drillholes including the 2021 ADK series and the current FDD series, plus the historical block model.
Table 1: Significant Intersections from the 2021 (ADK) and 2025 (FDD) drilling at the Feni Island Au-Cu Project (gold, copper and gold equivalent). See footnotes to table: 1 2 3 4
Hole ID | From (m) | Interval (m) | Gold (Au g/t) |
Copper (Cu %) | Gold Equiv. (Au.Eq) |
ADK001 | 1 | 145.8 | 0.84 | 0.08 | 0.91 |
inc. | 63 | 28 | 1.64 | 0.06 | 1.62 |
ADK003 | 55 | 85 | 0.63 | 0.03 | 0.63 |
inc. | 124 | 10.2 | 1.33 | 0.02 | 1.27 |
ADK004 | 70.7 | 85.4 | 0.94 | 0.57 | 1.75 |
inc. | 149.7 | 6.4 | 1.59 | 5.07 | 9.28 |
FDD001 | 95 | 76 | 1.43 | 0.03 | 1.38 |
FDD002 | 45 | 142.2 | 1.18 | 0.05 | 1.17 |
inc. | 45 | 93 | 1.58 | 0.05 | 1.55 |
FDD003 | 70 | 81 | 1.12 | 0.21 | 1.36 |
inc. | 118 | 24 | 1.30 | 0.51 | 1.99 |
and | 223 | 12 | 0.61 | 0.23 | 0.92 |
and | 284 | 5 | 0.63 | 0.49 | 1.34 |
inc. | 287 | 1 | 1.64 | 1.42 | 3.71 |
FDD004 | 62 | 229 | 0.71 | 0.08 | 0.78 |
inc. | 62 | 115 | 0.92 | 0.07 | 0.96 |
and | 383 | 70.2 | 0.33 | 0.21 | 0.63 |
FDD005 | 69 | 158 | 0.54 | 0.14 | 0.72 |
inc. | 176 | 32 | 0.99 | 0.11 | 1.09 |
Discussion of Results
Whilst it is very early days, the dynamic and ongoing process of re-reviewing the geophysics with new assay results as received allows us to refine our geological model. This process has directly resulted in a number of additional targets now highlighted as more prospective than previously considered, and if successful, would likely result in significant upside to potential targets at Kabang. Adyton is prioritizing the newly identified geophysical targets in our current phase of drilling (4Q2025) and expects this revised geological model to significantly enhance our exploration success rate.
Figure 2: Cross section of FDD005. Highlighting the broad zones of mineralization, as well as the upper more strongly mineralized interval. Of note, last intercept graded 383ppm Mo.
Figure 3: Long section. Highlights the new contribution of grade from FDD004 and FDD005 to the “gap” target within the historical MRE.
Table 2: Feni Island Gold-Copper Project: drillhole details and status (as of Oct 10th).
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 | In progress |
FDD015 | 567,436 | 9,548,387 | 166 | -70 | 180 | 145.8 | In progress |
TOTAL (m) | 5,216.9 |
Table notes: FDD008 was abandoned at a shallow depth while still in post-mineral cover due to operational issues, redrilled as FDD009. FDD002 was terminated prematurely due to ground conditions while still in observed visual mineralisation. WGS 84 Zone 56S UTM coordinates.
Quality Assurance / Quality Control
Adyton adheres to industry-recognized standards of Best Practice and Quality Assurance/Quality Control. 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/or HQ diameter drill core, and to a much lesser extent, also NQ core. Core recovery is considered to be appropriate.
Feni Island Gold-Copper asset, on-trend location to giant gold +/- copper mines
The Adyton Feni Island Au-Cu project is strategically located on the easily accessible Bismark Islands in PNG. Feni Island is part of the 250km long Tabar-Lihir-Tanga-Feni Island chain, which to the northwest hosts the operating gold mines of Simberi and the giant Lihir mine, while Feni hosts a foundational resource of 1.45moz Au. To the southeast of Feni Island, on Bougainville Island, lies the giant past producing Panguna Cu-Au mine.
ABOUT ADYTON RESOURCES CORPORATION
Adyton Resources Corporation is focused on the exploration and development of gold and copper resources in regions with high potential for Tier 1 discoveries. The company has a portfolio of highly prospective mineral exploration and development projects in Papua New Guinea (PNG) where it is focused on expansionary drilling on its 100% controlled 1.46mozAu Feni Island Au-Cu asset. This drilling is also focused on documenting the copper endowment that has previously not been assayed for. The Company also has a JV on the Fergusson Island Au project, also in PNG. 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.
Feni Island Au-Cu project
The Feni Island Project has a MRE prepared in accordance with NI 43-101 (Oct 14, 2021), that has outlined an initial inferred mineral resource of 60.4mt averaging 0.75 g/tAu, for contained gold of 1.46mozAu ((cut-off grade 0.5g/tAu). 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 Au project has a MRE prepared in accordance with NI 43-101 dated October 14, 2021, which outlined an indicated mineral resource of 4.0mt at an average grade of 1.33g/tAu for contained gold of 173kozAu and an inferred mineral resource of 16.3mt at an average grade of 1.02g/tAu for contained gold of 540kozAu. 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.
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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