- Adyton Resources (ADY) announced the company has mobilized key equipment and team members at its Feni Island Copper-Gold Project
- The company has a 100-per-cent ownership stake in the project located in Papua New Guinea
- Feni Island has a 650,000 oz Au inferred resource and is in a Tier 1 region along a mineral belt
- The program is planned to include approximately 10 diamond drill holes for 3,000 metres, with the first holes expected to average around 500 metres
- Adyton Resources is up 14.29 per cent, trading at C$0.16 at 1:27 pm ET
Adyton Resources Corporation (ADY) announced the company has mobilized key equipment and team members at its Feni Island Copper Gold Project.
The company has a 100-per-cent ownership stake in the project located in Papua New Guinea.
Feni Island has a 650,000 oz Au inferred resource and is in a Tier 1 region along a mineral belt containing the world-class Simberi, Lihir, and Panguna gold and copper projects.
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.
The initial holes will focus on the largely untested copper porphyry targets identified from recent 3D IP modelling, as well testing extensions to the existing epithermal gold Inferred Resource.
“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,” said Adyton Resources President and CEO Frank Terranova.
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.
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.
Adyton Resources is up 14.29 per cent, trading at C$0.16 at 1:27 pm ET.