Petrologic studies of deep diamond drill core at Gold Anomaly’s Crater Mountain project in Papua New Guinea have confirmed the presence of early copper-gold mineralization in the area.
The results refer to a specific 984-metre drill hole in the northern end of the Nevera prospect and were announced by New Zealand consultants Applied Petrologic Services and Research (APSR), which report the porphyry copper-gold mineralization is widely distributed as multiple stages of characteristically porphyry-style quartz veining.
The hole was drilled to target deep porphyry copper mineralization interpreted as underlying the northern end of the Nevera prospect. In June, Gold Anomaly reported the best copper zone to date from this hole with a 124 metres interval @ 0.09% copper and an average 0.38 grams/tonne gold.
Bulldozer bench and stream outcrop channel sample results over this section show the best and most coherent copper values possible extending southwest.
Gold Anomaly’s exploration director Peter Macnab says, “The geological signs are very strong that we are zeroing in on a large porphyry copper-gold system at depth. I believe this hole has drilled through a mineralized arm radiating from the source porphyry.”
The company is pursuing tenders to have a detailed airborne geophysical data survey carried out over the entire Crater Mountain tenements with particular emphasis on Nevera. The expected detail of the underlying intrusions which will be generated by this survey will be critical to the company’s planning of further drilling.