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New Listing: Adyton Resources Corporation (TSXV:ADY)

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Adyton is focused on the development of gold and copper resources in world class mineral jurisdictions. The company’s current portfolio of projects is located in Papua New Guinea’s Pacific Rim of Fire, a prolific province hosting some of the world’s largest gold and copper mines.

Additional Information:

Company: Adyton Resources Corporation
Website: http://www.AdytonResources.com
Stock Symbol: TSXV: ADY
Date Published: Feb 24, 2021
Transcript: Available

Video Transcript:

I’m Ashton Addison for Investmentpitch Media

Adyton Resources Corporation is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “ADY”, following its qualifying transaction with Capital Pool Company XIB I Capital.

Adyton is focused on the development of gold and copper resources in world class mineral jurisdictions.

The company’s current portfolio of projects is located in Papua New Guinea’s Pacific Rim of Fire, a prolific province hosting some of the world’s largest gold and copper mines.

The portfolio consists of 3 key assets, Feni, a copper/gold project with 650,000 ounces of gold in the Inferred Mineral Resource category, and over on Fergusson Island, Gameta with 360,000 ounces of gold and Wapolu with 140,000 ounces of gold, both in the Inferred Mineral Resource category.

The company also holds another 5 blue sky projects with copper and gold targets.

Between 1982 and 2007, US$20 million has been spent on these properties, including more than 18,000 meters of historic drilling.

The company is headed by Frank Terranova, the former Managing Director of Allied Gold PLC which successfully developed and operated gold mines in both Papua New Guinea and the Solomon Islands.

Frank Terranova, President and CEO, stated: “With our highly experienced management, directors and advisors, independent financing, TSX Venture Exchange listing, and a portfolio of highly prospective mineral exploration projects, we believe Adyton provides a great pure-play exposure to quality assets in an exceptional mining jurisdiction. Completing this transaction was a significant effort involving parties and advisors in Papua New Guinea, Singapore and Canada, and I want to thank our financing syndicate led by Eight Capital and our legal advisors DLA Piper (Canada), especially Vaughn MacLellan, and Ashurst. Now that we have completed this transaction, we are going to get to work and hit the ground running with our Phase 1 exploration programs. We have a highly knowledgeable team with great experience in Papua New Guinea and we look forward to executing on our ambitious plans.”

Well funded with approximately $9.5 million in available funds, the company has an ambitious work program planned including drilling to potentially increase the mineral resource estimate and upgrade the mineral resource classification.

The shares are trading at $0.265.

For more information, please visit the company’s website www.AdytonResources.com, contact Frank Terranova, President and CEO, at +61 7 3157 4400 or email frank.terranova@AdytonResources.com.

I’m Ashton Addison for Investmentpitch Media