PAPUA NEW GUINEA - Coppermoly secures licence at Makmak

A two year mining licence has been granted to Coppermoly by Papua New Guinea’s mining minister for its Makmak project area on New Britain Island. The tenement covers 280sqkm on the island’s remote south coast along the highly prospective Kulu Awit transfer structure which hosts significant copper and gold deposits including Vangold Resources’ Mt Penck.

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PAPUA NEW GUINEA - Gold Anomaly intersects best copper zone

Gold Anomaly has intersected its best copper zone to date at the Nevera prospect within the flagship Crater Mountain copper gold project in the Eastern Highlands. The strongest copper-gold mineralization is within a 124 metre interval from 704 metres to 828 metres within the third deep drill hole at Nevera.

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