PORT MORESBY, Papua New Guinea, May 29, 2023 (GLOBE NEWSWIRE) -- Adyton Resources Corporation (TSX Venture: ADY) announces that it has filed its financial statements for the three months ended March 31, 2023 and accompanying Management Discussion and Analysis on its SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF ADYTON RESOURCES CORPORATION
Tim Crossley, Chief Executive Officer
Forfurtherinformationpleasecontact:
Tim Crossley, Chief Executive Officer
E‐mail: tcrossley@adtyonresources.com
Phone: +61 7 3854 2389
NeithertheTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthispressrelease.
ABOUTADYTONRESOURCESCORPORATION
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 for copper and gold. The Company’s mineral exploration projects are located on the Pacific Ring of Fire which hosts several world class copper and gold deposits.
The table below summarises the current mineral resources for the Fergusson Island and Feni Island Projects:
|
Indicated |
Inferred |
| Project |
Au |
Tonnes |
Au |
Au |
Tonnes |
Au |
|
(g/t) |
(million) |
(koz) |
(g/t) |
(million) |
(koz) |
| Fergusson Island - Gameta Project |
1.33 |
4.0 |
173 |
1.01 |
10.5 |
340 |
| Fergusson Island - Wapolu Project |
- |
- |
- |
1.06 |
5.8 |
200 |
| Fergussn 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 |
|
|
|
|
|
|
|
Gameta, Wapolu and Feni combined Adyton group resources at 0.5g/t gold cut-off1
For more information about Adyton and its projects, visit www.adytonresources.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e7d6ae1-7053-45e3-930f-b16aa43d4abc
_______________
1See the NI 43-101 technical report entitled “NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea” (the “Feni Technical Report”) and the “NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea” each dated October 14, 2021 and prepared for Adyton Resources Corporation 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.sedar.com.
