Assay results from the Busai deposit of Geopacific Resources’ Woodlark Gold Project in Papua New Guinea have revealed new, wide sections of continuous-grade gold mineralisation. The results are from a geotechnical diamond drill hole in 2008 designed to test the strength of the proposed pit wall and was consequently drilled oblique to the normal drilling direction.
Geopacific re-logged the core as part of its review process and identified the potential for mineralisation.
The hole returned the following results: 11 metres from 5 metres @ 1.84 g/t gold; 23 metres from 24 metres @ 1.39 g/t; and 26 metres from 70 metres @ 3.17 g/t, including 11 metres from 71 metres @ 6.56 g/t.
Geopacific managing director Ron Heeks said, “These new results from the historic geotechnical hole show that there is excellent potential for mineralisation below and adjacent to the current pits to be identified and added to the overall resource inventory at Woodlark.
“These results continue to validate our strategy to identify additional, significant gold mineralisation and at nearly no cost to Geopacific. Drilling is now planned in this area.”
Numerous geotechnical and metallurgical holes were drilled at Woodlark as part of the original Definitive Feasibility Study prepared in 2012, a number of which were not assayed. Geopacific has sent all holes which were not previously sampled to be analysed. These are the first results received, with more to follow, providing Geopacific a cost-effective method to identify additional mineralisation.
Geopacific’s current development drilling is now targeting extending this and similar zones. Holes that are designed to test the extent of this new mineralisation have been added to the program.