Development drilling at the Kulumadau deposit of Woodlark Gold Project in Papua New Guinea, which is a joint venture between Geopacific Resources and Kula Gold, has returned positive results. There were wide intersections of good grade mineralisation around and below the 2012 pit designs.

The best result was 18 metres from 102 metres @ 8.89 g/t gold while the same hole also returned 11 metres from 44 metres @ 6.03 g/t.

Other strong results were: 51 metres from 35 metres @ 2.82 g/t; 13 metres from 57 metres @ 3.19 g/t; 4 metres from 29 metres @ 4.82 g/t; 6 metres from 34 metres @ 4.99 g/t and 4 metres from 50 metres @ 1.13 g/t; and 4 metres from 126 metres @ 1.74 g/t and 6 metres from 133 metres @ 9.17 g/t.

Recent drilling at Kulumadau has focused on two areas:

· Following up a discovery intersection north of Kulumadau East, which confirmed additional broad, high-grade gold values downhole. The close proximity of this area to the 2012 pit designs demonstrates the potential for its inclusion into the reserve base.

· Improving resource classification continues to intersect gold mineralisation inside and surrounding current pit designs at grades consistent with the resource inventory.

Geopacific’s managing director Ron Heeks said, “Current results highlight an evolving zone of robust mineralisation just north of Kulumadau East and the depth potential of the East zone. These results can only add to the resource and reserve inventory of the project.”

A series of relatively shallow RC holes are under way to assess the orientation, true thickness, strike and depth continuity of the mineralisation. These are designed to test the dimensional aspects of the mineralisation.

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