Adyton Resources Welcomes Lihir Deposit Expert Dr. Erin Johns to the Team to Drive Feni Gold-Copper Project Development
View original at finance.yahoo.comAdyton Resources Welcomes Lihir Deposit Expert Dr. Erin Johns to the Team to Drive Feni Gold-Copper Project Development NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S…
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The Feni project has all the ingredients to become another significant gold resource in the region.
80% confidenceDr. Johns' specialized knowledge will provide critical insights to accurately vector towards high-grade Au-Cu zones and expand the resource at Feni, effectively de-risking the exploration model.
80% confidenceThe Feni Island Project has an inferred mineral resource of 60.4mt averaging 0.75 g/t Au for contained gold of 1.46moz Au at a cut-off grade of 0.5g/t Au per NI 43-101 (October 14, 2021).
80% confidenceMineral resources are not mineral reserves and have not demonstrated economic viability.
80% confidenceThe Fergusson Island project has an indicated mineral resource of 4.0mt at 1.33g/t Au (173koz) and inferred resource of 16.3mt at 1.02g/t Au (540koz) per NI 43-101 dated October 14, 2021.
80% confidenceApplying a 'Lihir-style' geological lens dramatically increases the probability of a major discovery at Feni.
80% confidenceThere are clear parallels in the volcanic architecture, structural framework, mineralisation types, and alteration patterns between Lihir and Feni, suggesting the scale and potential of the Feni system is only beginning to be understood.
80% confidenceThe Feni and Lihir deposits are both classic examples of alkalic-type epithermal gold deposits, which represents a highly valuable, yet geologically complex, class of mineral systems globally.
80% confidenceDr. Johns' specialized academic background on the anatomy of the world class Lihir gold system, combined with her boots-on-the-ground experience, provides an immediate and substantial competitive advantage for accelerating the discovery process and unlocking the full potential of Adyton's whole-of-island land position.
80% confidence