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Adyton Resources Announces Filing of Fergusson Island and Feni Island Technical Reports
BRISBANE, Australia, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Adyton Resources Corporation (TSX Venture: ADY) (OTCQB: ADYRF) announces that it has filed on SEDAR, Nati
About this update from Adyton Resources Corporation
[{"type":"text","content":" BRISBANE, Australia, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Adyton Resources Corporation (TSX Venture: ADY) (OTCQB: ADYRF) announces that it has filed on SEDAR, National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical reports with respect to the new Mineral Resource estimates for the Company’s 100% owned Fergusson Island and Feni Island Projects. The technical reports entitled “NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea” and “NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea” have an effective date of October 14, 2021 and support the Mineral Resource estimates for the Fergusson Island and Feni Island projects released on October 14, 2021. Key highlights from the technical reports include: An 88% increase in total gold ounces across the company’s 100% owned Fergusson Island Gold Project and Feni Gold and Copper Project, located within Papua New Guinea’s renowned “Rim of Fire”. Fergusson Island maiden Indicated Resource of 175,000 gold ounces at 1.33 grams/tonne (g/t) and Inferred Resource increased by 33% to 540,000 gold ounces at 1.08 g/t. Feni Island Inferred Resource increased by 123% to 1,460,000 gold ounces at 0.75 g/t. Table 1 presents a summary of the updated mineral resources for the consolidated Fergusson Island and Feni Island Projects. Project Indicated Inferred Au(g/t) Tonnes(million) Au(koz) Au(g/t) Tonnes(million) Au(koz) Fergusson Island - Gameta Project 1.33 4.0 173 1.01 10.5 340 Fergusson Island – Wapolu Project - - - 1.06 5.8 200 Fergusson Island total 1.33 4.0 173 1.02 16.3 540 Feni Island - - - 0.75 60.4 1.460 Total 1.33 4.0 173 0.81 76.7 2,000 Table 1: Gameta, Wapolu and Feni combined Adyton group resources at 0.5g/t gold cut-off The scientific and technical content of this press release has been reviewed by Rod Watt, BSc Hons (Geo), FAusIMM, Chief Geologist and a director of Adyton Resources Corporation, who is a \"Qualified Person\" as defined by NI 43-101. Technical Reports and Qualified Persons The technical reports are available for review on SEDAR (www.sedar.com) and on the Company’s website (www.adytonresources.com). Readers are encouraged to read the Technical Reports in their entirety, including all qualifications, assumptions and exclusions that relate to the Mine...