Adyton Resources is pleased to report that it has successfully completed a Wardens Hearing for the renewal of Exploration Licence EL 2549. The Hearing, which is a mandatory process step in the renewal for all exploration licenses in PNG, was conducted by senior MRA Mining Warden Mr Kopi Wapa on May 31 2022 at Wapolu village on Fergusson Island with all principal landowners present.
Adyton Resources is pleased to report that its recent preliminary metallurgical test work program performed by leading Australian metallurgy company Core Metallurgy Pty Ltd confirmed that ROM ore samples from the Gameta deposit upgraded well using a limited range of conditions and produced a concentrate assay of 22.3 g/t Au and 32.9 g/t Ag with recoveries of 86.9% Au and 84.6% Ag. Due to sample size limitations and the [...]
Adyton Resources Corp. announces that it has filed its financial statements for the year ended December 31, 2021 and accompanying Management Discussion and Analysis on its SEDAR profile at www.sedar.com. Adyton Resources Corp. Tim Crossley, Chief Executive Officer For further information please contact: Tim Crossley, Chief Executive Officer E‐mail: tcrossley@adtyonresources.com Phone: +61 7 3854 2389 Neither the TSX [...]
Adyton Resources Corp. is pleased to report that petrology work carried out on the highly successful diamond drill hole ADK004 supports the existence of two styles of mineralization - a shallower epithermal style overprinting an earlier porphyry mineralization event , confirming that we are in a highly mineralized system. Petrological work carried out by Mintex Petrological Solutions on 14 drill core samples has confirmed [...]
Adyton Resources Corp. is pleased to report the Exploration License at its 100% owned Feni Island Project in Papua New Guinea has been renewed for a two year period from August 2020. Adyton Resources CEO, Mr Tim Crossley, said, "The renewal, which was recommended by the Mineral Resources Authority and approved by the Minister for Mining, was welcomed as the company moves into the next phase of its exploration program at [...]
Adyton Resources Corp. has appointed experienced mining professional Mr Anthony Williamson to its Board as a Non-Executive Director, subject to the approval of the TSX Venture exchange. Mr Williamson has over 30 years' experience as a geologist in the mineral exploration sector in Australia, Papua New Guinea , and south-east Asia. As Director of Mining with the PNG Department of Mining from 1999 until 2004, he was [...]
Adyton Resources Corp. is pleased to announce the appointment of David Irvine to the Board as an Independent Non-Executive Director with effect from December 31, 2021, subject to the approval of the TSX Venture Exchange. The Company also announces the appointment of existing Directors Sinton Spence and Tim Crossley as the Chairman of the Board and Interim CEO, respectively. The new Board consisting of existing Board [...]
Adyton Resources Corp. today announces that the Company's Chairman, President and CEO, Mr Frank Terranova, has been terminated without cause and has also resigned as a director of the Company, all effective 9:00 am ET on December 24, 2021. In addition, independent directors Mr Jason Kosec, Mr Nick Tintor, Mr Fred Leigh and Mr Peter DuPlessis, as well as Mr Rod Watt, a director and Chief Geologist of the Company , have [...]
Adyton Resources Corp. is pleased to announce that it has entered into a letter engagement with Eight Capital, under which Eight Capital, acting as agent for the Company, has agreed to offer for sale up to 80,000,000 units of the Company on a "best efforts" private placement basis at an issue price of $0.05 per Unit , for aggregate gross proceeds of up to $4,000,000, subject to all regulatory approvals . Each Unit will be [...]
Adyton Resources Corp. has reported significant copper assays from hole ADK004 at its 100% owned Feni Island Project in Papua New Guinea. The Company's maiden drilling program of five diamond holes at Feni was completed in September. The initial objectives of the program were to expand the gold resource as well as test various induced polarisation anomalies for the potential of a copper porphyry system. Multi-element [...]
Adyton Resources Corp. announces that it has filed its financial statements for the three and nine months ended September, 2021 and accompanying Management Discussion and Analysis on its SEDAR profile at www.sedar.com. Adyton Resources Corp. Frank Terranova, Chairman, President and Chief Executive Officer For further information please contact: Frank Terranova, Chairman, President and Chief Executive Officer E-mail [...]
Adyton Resources Corp. announces that it has filed on SEDAR, National Instrument 43-101 Standards of Disclosure for Mineral Projects 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 [...]