GEOPACIFIC Resources has discovered a significant new zone of gold mineralisation adjacent to the Kulumadau East deposit of the Woodlark Island Gold Project. The main Boscalo zone is delineated over a 200-metre length and mineralisation remains open.
In addition to this zone a parallel zone of mineralisation between Boscalo and Kulumadau East has also been identified.
Best results from drilling in this area were 12 metres @ 7.45 grams/tonne gold, 20 metres @ 1.77 g/t, 20 metres @ 1.71 g/t and 7 metres @ 5.25 g/t.
Both zones are expected to make a valuable contribution to gold ounces within the planned Kulumadau open pit.
Boscalo was first identified with several broad and high-grade intersections in June 2017. The orientation of the mineralised zone is different to Kulumadau East, striking to the northwest as opposed to the more north-south strike of the latter.
Drilling continues at Boscalo and at the parallel zone in a bid to fully delineate the mineralised zones in these areas.
There is also further potential for repetition across the large regional goldfield.
Managing director Ron Heeks said, “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.”
In October Geopacific secured control of the Woodlark project after obtaining more than 83% of previous project owner Kula Gold.
Geopacific inherited over $150 million in historic spend on Woodlark, which included a wealth of drilling data from over 275,000 metres of drilling, much of it undertaken by Kula.
The Geopacific team has undertaken a rigorous process of review, validation and re-interpretation of geological data substantially increasing confidence in existing resources.