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Great Pacific Gold Provides Kesar Project Update
Newsfile· 2025-04-01 20:30
Core Viewpoint - Great Pacific Gold Corp. is advancing its exploration activities at the Kesar Project in Papua New Guinea, with promising results from recent drilling and geophysical surveys indicating potential for high-grade mineralization [4][5][29]. Exploration Activities - The company has completed a drill program at the Anteruno target, totaling 2,112 meters across five holes, and has initiated a Mobile Magnetotelluric (MobileMT) geophysical survey across the project area [2][4]. - Initial drilling at Anteruno has confirmed gold-bearing intervals in every hole, with notable intercepts including 3.13 meters at 3.67 g/t gold and 0.23 meters at 6.61 g/t gold [5][20]. Geophysical Survey Insights - The MobileMT survey has outlined a well-defined network of deep-seated structures connected to known mineralization, particularly at Hampore and Fufunambi, suggesting a large-scale mineralized system [5][8]. - The survey results indicate significant magnetic and conductive anomalies, with the Hampore area showing strong connectivity to mineralization trends similar to those at K92 Mining [7][9]. Future Drilling Plans - The company plans to continue drilling at Kesar through April to expand on initial results, with a focus on high-priority targets at Hampore and Fufunambi [4][5]. - A 1,200-meter drill program is being designed for Fufunambi based on recent MobileMT data and geological mapping [5][22]. Geological Observations - The Anteruno area exhibits polymetallic gold mineralization associated with quartz-carbonate veins and base metals, indicating a complex geological framework [18][22]. - The Hampore Prospect has shown strong structural control with mineralization hosted within fault zones, and alteration patterns suggest a correlation with higher-grade mineralization [25][23]. Company Overview - Great Pacific Gold holds a portfolio of exploration projects in Papua New Guinea and Australia, focusing on developing gold-copper resources from its land packages [26].
South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold Project
Newsfile· 2025-03-31 11:30
Core Viewpoint - South Pacific Metals Corp. has successfully completed the Warden's Hearing for the renewal of Exploration License EL 2310 for the Kili Teke Copper-Gold Project in Papua New Guinea, which hosts significant inferred mineral resources [2][3]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² in Papua New Guinea, focusing on responsible exploration and community engagement [10][12]. - The company is committed to ethical and environmentally sustainable practices in its exploration activities [6]. Project Details - The Kili Teke Project covers an area of 253 km² and is located approximately 40 km west of the Porgera Gold Mine, with an inferred mineral resource of 1.81 million ounces of gold, 802 thousand tonnes of copper, and 40 thousand tonnes of molybdenum [2][4][8]. - The project was acquired from Harmony Gold Exploration Limited in 2023, which had previously conducted extensive exploration, including 36,000 meters of diamond drilling at an estimated cost of US$20 million [4][8]. Exploration and Development - The Warden's Hearing for the renewal of EL 2310 took place on March 11, 2025, with support from local landowners and community stakeholders [3]. - Recent exploration efforts have identified 10 new targets near the Central Porphyry, with various mineralization styles, including bulk-tonnage copper-rich and high-grade skarn targets [5][6]. - The company is currently focused on landowner mapping and community engagement to prioritize high-grade skarn and Porgera-style gold discoveries [6]. Technical Information - The Central Porphyry hosts an inferred mineral resource of 1.81 million ounces of gold, 802 thousand tonnes of copper, and 40 thousand tonnes of molybdenum, with a total of 237 million tonnes at grades of 0.34% copper, 0.24 g/t gold, and 168 ppm molybdenum [2][8]. - Historical drilling has shown high-grade results, including 12.98% copper and 11.75 g/t gold over 7.8 meters [5].