The Board of Geopacific provided assay results showing new gold intersections from the Boscalo area of the Woodlark Gold Project in Papua New Guinea (PNG).
Originally thought to be an extension of the mineralisation at Kulumadau East, Geopacific confirmed that Boscalo represents the discovery of a significant new zone of gold mineralisation, situated adjacent to the Kulumadau East deposit. The main zone strikes to the north-west and is currently delineated over a two-hundred-metre-length using shallow RC drilling and mineralisation remains open. In addition to the main zone, a parallel zone of mineralisation between Boscalo and Kulumadau East has also been identified. Both zones are expected to make a valuable contribution to gold ounces within the planned Kulumadau open pit.
“It’s always encouraging to make a new discovery and it shows the fantastic opportunity we have to elevate our regional exploration program, by leveraging the discoveries made in the past and uncovering new zones of gold mineralisation currently hidden beneath the limestone veneer. We already know the gold is there, it’s a matter of studying the data to establish which areas present the most attractive targets for our ongoing exploration program”, said Ron Heeks, Managing Director.