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Adyton Resources announces mobilisation at Feni Island; Maiden Copper Gold diamond core drilling program
BRISBANE, Australia, June 02, 2021 (GLOBE NEWSWIRE) -- Adyton Resources Corporation (TSX Venture: ADY) (“Adyton”) is pleased announce that the mobilisation of t
About this update from Adyton Resources Corporation
[{"type":"text","content":" BRISBANE, Australia, June 02, 2021 (GLOBE NEWSWIRE) -- Adyton Resources Corporation (TSX Venture: ADY) (“Adyton”) is pleased announce that the mobilisation of the drilling program at its 100% owned Feni Island Copper Gold project has commenced with equipment and key team members now on site. Feni Island has a 650,000 oz Au Inferred Resource (1) and is in a Tier 1 region along a mineral belt containing the world class Simberi, Lihir, and Panguna gold and copper projects. The project hosts a number of spectacular targets. The program at Feni Island is planned to comprise approximately 10 diamond drill holes for 3,000 metres, with the first holes expected to average around 500 metres each. These initial holes will focus on the largely untested copper porphyry targets identified from recent 3D IP modelling (refer Figure 1), as well testing extensions to the existing epithermal gold Inferred Resource. Mr Terranova stated, “Our understanding of the Feni Island Copper and Gold geological setting continues to grow, and our maiden diamond core drilling program will accelerate this. Running the Feni Island and Fergusson Island drilling programs in tandem ensures regular news flow throughout June and July as we start to consolidate the recent successful results of Fergusson Island towards various technical studies.” Further updates on the maiden drilling program at Feni Island will be provided. Additional drilling results relating to the current Fergusson Island drilling program are expected within the coming week. ON BEHALF OF THE BOARD OF ADYTON RESOURCES CORPORATION Frank Terranova, Chairman, President and Chief Executive Officer For further information please contact: Frank Terranova, Chairman, President and Chief Executive Officer E-mail: [email protected] Phone: +61 7 3854 2389 Figure 1: Feni Project, map showing prospects on magnetics - the drilling program will focus on the Kabang prospect where geophysical targets will be tested (see Fig 2). Other prospects will be the subject of ongoing exploration. Figure 2: Feni DDIP Survey 3D Phase Inversion Model 200m depth slice, with summary interpretation of conductive zone (resistivity < 10 Ωm) superimposed. Proposed drill holes are testing the porphyry copper / gold target to 500m depth (see Figure 3), in addition to testing the shallower epithermal gold zones. Figure 3:...