Geopacific Resources says an aggressive exploration program at the Kou Sa Copper-Gold Project in Cambodia is kicking goals in line with the strategy of targeting a maiden resource while increasing the potential of new areas and simultaneously completing a scoping study.
The company is fully funded to achieve this strategy after completing a $23 million fundraising package in early August.
Ongoing drilling at prospects 190, 160 and 150 continues to return impressive results. Best intersections are 0.55 metres @ 51 grams/tonne gold, and 24 metres from 4 metres @ 8.47% copper equivalent, including 16 metres from 8 metres @ 12.39% copper equivalent.
One RC and two diamond drill rigs are on-site and making good progress through the Cambodian wet season. Drilling began in July following the announcement that funding for 12 months has been secured.
The program has two focus areas – infill drilling and testing of new areas that have been identified by Induced Polarization (IP) geophysics. Intersections continue to return high-grade results, helping move the project forward on the strategy of targeting a maiden resource while testing new areas and completing a scoping study.
Infill drilling is taking place at Prospects 150 and 160, which are Kou Sa’s most advanced prospects. A potential feeder zone has been identified at Prospect 150
where the drilling has extended current mineralization to the north, east and very significantly to the northwest.
An RC rig has been moved to Prospect 160 to begin infill drilling.
Twelve IP anomalies tested since July have all confirmed base metals and/or gold and silver mineralization. Targets identified by IP geophysics are being tested to increase the overall potential of the project.
At Prospect 190 significant gold mineralization continues to be identified by diamond drilling. The gold zone here is thought to be at the top of an extended mineralizing system which may produce base metal zones at depth.
At Prospect 128 a new zone has been identified to the southwest including 2 metres from 72.4 metres @ 2.05% copper equivalent, 16 metres from 16 metres @ 1.73% and 8 metres from 48 metres @ 1.24 grams/tonne gold and 0.53% copper.