Adyton Resources Corporation is pleased to announce that it has now been drilling for over a week on its 100% owned Feni Island Gold-Copper Project in PNG. Two core drilling rigs have been deployed, with plans to operate both rigs continuously on day and night shifts. Adyton contracted Zenex drilling from Lihir to undertake the program, targeting to drill up to 8000 m.
HIGHLIGHTS
- Two core drilling rigs in production at Feni Island Gold-Copper Project
- This drill program targeted to grow the MRE to >2.5 Moz Au, and target a pathway to 5 Moz Exploration Target.
- “The striking similarities between the geological setting and mineralisation style at Lihir and Feni suggest a high exploration potential of the latter where the mineralisation is concealed by young volcanic cover.”
“This is a significant milestone and following on from the commencement of drilling on our Fergusson Island project in December 2024 funded via our JV demonstrates Adytons ability to advance our on-the-ground activities in PNG in an efficient and effective way,” stated Tim Crossley, Chief Executive Officer. “Commencement of an approximately 8000 m diamond drill program is a significant milestone being the first time Adyton has drilled on Feni since its successful 2021 program.”
As noted by world renowned Geologist Dr Daniel Müller in a recent review of Adytons work on Feni Island, “The striking similarities between the geological setting and mineralisation style at Lihir and Feni suggest a high exploration potential of the latter where the mineralisation is concealed by young volcanic cover.” “Suffice to say that given the geological similarities to Lihir and the Island Chains prolific history of Tier 1 discoveries, we are very confident that as a result of this drill campaign, Adyton will be able to significantly expand on its existing foundation MRE of 1.46 Moz and demonstrate that Feni supports a large scale, expandable and rich mineral system.”
“In being able to deliver this milestone to commence drilling again at Feni I would like to acknowledge the hard work of our COO Dr Chris Bowden, his team of PNG national geologists, and most importantly, the people of Feni Island who have provided unwavering support to Adyton.”
Chris Bowden, Adyton COO, also commented: “It is great to see the drill rigs turning at Feni, and knowing that this drilling program will be able to systematically test the Kabang mineralised system, and deliver high-confidence outcomes. The geology across Feni Project is highly prospective, and the initial drilling at Kabang is only just scratching the surface for the whole islands’ gold-copper mineralization potential. This program is targeted to grow the MRE to > 2.5 M ounces and demonstrate a pathway to achieve our initial exploration target of 5 M ounces.”
