New drilling results from the Woodlark Gold Project in Milne Bay Province shows more wide intersections of high grade, near surface gold mineralisation with new visible gold.
Operators Geopacific Resources have released the latest assay results showing new gold intersections from the Kulumadau deposit.
The firm announced that drilling at Kulumadau East intercepted a wide zone of mineralisation in Reverse Circulation (RC) hole KU17RC009.
An adjacent diamond hole (KU17DD003), designed to further test this zone and aid geological interpretation has been drilled with results pending. A wide zone of alteration in KU17DD003 was logged and included two zones of visible gold.
Some of the highlights include:
· High-grade, near-surface assay results
· Potential to increase Reserve inventory reaffirmed
· Results from RC drillhole KU17RC009:
· 16m at 1.1 grams per tonne of gold (g/t Au) from 11m
· 21m @ 3.27 g/t Au from 40m
· including 5m @ 7.33 g/t Au
· 15m @ 1.01 g/t Au from 66m
· Visible gold at 44m and 105m depth in KU17DD003
· Gold intercepted in another geotechnical hole
Geopacific Managing Director, Ron Heeks, says, “The ongoing flow of good results from infill and extensional drilling should add to the Reserve inventory of the Project. This is the second time in a week that results have provided the potential to extend both the length and depth of the current pit designs. These results are particularly good as they may assist with joining the East pit with the Adelaide zone to the north.
“Good assay results from the old geotechnical holes also continue, providing further support. Another 18 old geotechnical holes have been sent for assaying – it will be interesting to see how many more will be mineralised.”