Adyton announces filing of Fergusson Island and Feni Island Technical Reports.
Adyton Resources Corporation
Level 14, 167 Eagle Street Brisbane Queensland 4000
PO Box 5807 Brisbane Queensland 4000 Australia
Phone +61 (7) 3854 2389
Email [email protected]
TSXV: ADY | adytonresources.com
25 November 2021
TSX Venture Exchange: ADY For immediate release
OTCQB: ADYRF
FSE: 701GR
Adyton announces filing of Fergusson Island and Feni Island
Technical Reports.
Brisbane, Australia 25 November 2021 – 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
NEWS RELEASE
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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 Mineral Resource estimates. The
technical reports are intended to be read as a whole, and sections should not be read or relied upon out of
context.
The technical reports were prepared by Mr Mark Berry (MAIG), Mr John Horton (FAusIMM CP, MAIG), Mr
Simon Tear (MIGI PGeo), Mr Matthew White (MAIG), Mr Andy Thomas (MAIG) of Derisk Geomining
Consultants Pty Ltd, each of whom is an Independent Qualified Person as defined by NI 43-101.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
Forward looking statements
This press release includes “forward-looking statements”, including forecasts, estimates, expectations, and objectives for future
operations that are subject to several assumptions, risks, and uncertainties, many of which are beyond the control of Adyton. Forward-
looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will",
"should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward looking
statements in this news release include plans for additional drill testing, the intention to prepare additional technical studies, the
timing of additional drill results, and the preparation of a resource upgrade in Q3 2021. The forward-looking information contained
herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the
future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking information are
based on management of the parties' reasonable assumptions, estimates, expectations, analyses, and opinions, which are based on
such management's experience and perception of trends, current conditions and expected developments, and other factors that
management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among
other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, changes in general
macroeconomic conditions; changes in securities markets; changes in the price of gold or certain other commodities; change in
national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards
associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents,
unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical
recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability
of and changes in the costs associated with mining inputs and labour; the speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.
Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements. Such forward-looking information represents
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management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual
future results may vary materially. Readers are cautioned not to place undue reliance on forward looking statements or information.
Adyton Resources Corporation undertakes no obligation to update forward-looking information except as required by applicable law.
ABOUT ADYTON RESOURCES CORPORATION
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 was formed by a reverse takeover transaction
completed with XIB I Capital Corporation on 17 February 2021 and commenced trading on the TSX Venture Exchange
under the symbol “ADY” on February 24, 2021. Adyton is also quoted on the Frankfurt Stock Exchange under the code
701: GR. Further as of 1 August 2021 Adyton is also quoted on the OTCQB market under the code ADYRF. For more
information about Adyton and its projects, visit www.adytonresources.com.
Map showing the location of Adyton’s Papua New Guinea exploration projects
relative to significant PNG gold projects.
PNG – Proven Tier 1 Region
Regional Setting in the Pacific Ring of Fire
PNG