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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Boscalo | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 12/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2017: Geopacific Resources Ltd. announces an Exploration/Drilling Update report for its Boscalo deposit at the Woodlark project. JV - Drilling results incl. 12m @ 7.45g/t Au from 72m. The Board of Geopacific Resources Ltd (Geopacific) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jim Kerr (Internal) | |
| ABSTRACT: | The Board of Geopacific Resources Ltd (Geopacific) is pleased to provide assay results showing new gold intersections from the Boscalo area of the Woodlark Gold Project (Woodlark) in Papua New Guinea (PNG). Originally thought to be an extension of the mineralisation at Kulumadau East, Geopacific confirms that Boscalo represents the discovery of a significant new zone of gold mineralisation, situated adjacent to the Kulumadau East deposit. The main zone strikes to the north-west and is currently delineated over a two-hundred-metre-length using shallow RC drilling and mineralisation remains open. In addition to the main zone, a parallel zone of mineralisation between Boscalo and Kulumadau East has also been identified. Both zones are expected to make a valuable contribution to gold ounces within the planned Kulumadau open pit. Boscalo was first identified with several broad and high-grade intercepts in June (released 15 June 2017: Woodlark – Success continues 18m @ 8.99g/t Au). The mineralisation at Boscalo is typical of low sulphidation epithermal deposits. Grade is variable within the mineralised envelope, host rocks are fractured and brecciated and a complex hydrothermal alteration system associated with mineralisation is evident. Geometry and grade distribution appear to describe laterally and vertically variable zones of high grades within a much broader, mineralised envelope, as indicated on the oblique section in figure 1. | |
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