Core Insights - South Pacific Metals Corp. has announced the discovery of additional mineralized structures at the Ontenu NE prospect within its Osena Project, with assay results showing high grades of gold and silver [1][4]. Summary by Sections Discovery and Assay Results - New mineralized structures have been identified, including assays of 13.9g/t Au and 388g/t Ag, along with other notable results such as 3.68g/t Au and 302g/t Ag [4]. - The newly discovered structures are located south of a previously reported zone, expanding the mineralized area [4]. - A total of 11 other samples returned assays between 0.1-1g/t Au, with silver values up to 184g/t and copper at 0.26% [4]. Geological Context - The Ontenu NE prospect is situated within the Kainantu Transfer Zone, which is known for hosting significant gold-copper deposits, including the Kainantu Gold-Copper mine operated by K92 Mining Ltd. [1][9]. - The project area has multiple epithermal Au-Cu targets, with at least six identified mineralized structures mapped over several hundred meters [4]. Future Plans - Ongoing mapping and sampling efforts are in place, with further assays pending [4]. - The company is in the process of planning drilling to test these new targets, with expectations to commence drilling in the coming month [5]. Project Overview - The Osena Project covers an area of 738 km² and is strategically located adjacent to K92's tenements, which host the Kainantu Gold Mine [9]. - The Ontenu Prospect is part of a larger mineralized corridor extending over 40 km in the Kainantu District, indicating significant exploration potential [9][13].
South Pacific Metals Announces More Mineralised Structures Discovered at Ontenu NE: Assay Results up to 13.9g/t Au, 388g/t Ag, 0.26% Cu