New Guinea Gold has announced assay results from diamond drill holes at the Kavursuki zone near its Sinivit gold mine. Highlights include 1 metre @ 1.93 grams/tonne gold, 3 metres @ 2.06 grams/tonne gold and 15.6 metres @ 2.47 grams/tonne gold.

New Guinea Gold acting chief executive officer Greg Heaney says it is encouraging to see significant intervals of material grading 2 to 2.5 grams/tonne gold near surface as exploration steps out along the vein system at Kavursuki.

The Sinivit project is 59km southwest of Rabaul in the Baining Mountains along the Gazelle Peninsula in PNG’s East New Britain Province. It’s within the ‘Pacific Rim of Fire’ circum-pacific volcanic belt that is host to a number of deposits including Barrick’s Porgera and Newcrest Mining’s Lihir gold mines.

The Sinivit mineralized system has the potential to host a major ore body, with the main potential for a sulphide-hosted resource at depth below the known Sinivit and Kavursuki zones and along strike to the south of the Sinivit zone.

New Guinea Gold is currently mining gold oxide ore from a series of shallow open pits within the project’s vein system.