New assay results from drilling at Geopacific Resources’ Woodlark Gold Project in Papua New Guinea have returned a best result of 21 metres at 3.27 g/t gold. The company is undertaking a drilling program with the aim of increasing the reserve from 766,000 ounces to 1.2 million.

The latest results are from the Kulumadau deposit and the ongoing results are expected to add to the reserve inventory of Woodlark.

Drilling at Kulumadau East was designed to extend and infill the inferred mineralisation north of the current Kulumadau East pit design. It has intercepted a wide zone of high-grade, near-surface mineralisation in a reverse circulation (RC) hole.

An adjacent diamond hole, designed to further test this zone and aid geological interpretation, has been drilled with results pending. A wide zone of alteration in this hole was logged and included two zones of visible gold.

The 21 metre intersection from 40 metres included 5 metres @ 7.33 g/t. Other good results were 16 metres from 11 metres @ 1.1 g/t and 15 metres from 66 metres @ 1.01 g/t.

Geopacific managing director Ron Heeks said, “The ongoing flow of good results from infill and extensional drilling should add to the reserve inventory of the project. This is the second time in a week that results have provided the potential to extend both the length and depth of the current pit designs. These results are particularly good as they may assist with joining the East pit with the Adelaide zone to the north.

“Good assay results from the old geotechnical holes also continue, providing further support. Another 18 old geotechnical holes have been sent for assaying – it will be interesting to see how many more will be mineralised.”

Last week the company received further strong results from holes at the Kulumadau deposit which were designed to test for extensions to known mineralisation to the south of the Kulumadau West pit design.

Results included 3 metres from 44 metres @ 2.02 g/t; 23 metres from 102 metres @ 4.82 g/t, including 9 metres @ 9.05 g/t; and 6 metres from 138 metres @ 4.53 g/t. Visible gold was recorded at 114 metres depth.

Drilling continues with an RC and two diamond drill rigs at the Kulumadau and Busai deposits.

www.geopacific.com.au

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events