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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Boscalo | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 2/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2018: Geopacific Resources Ltd. announces an Exploration/Drilling Update report for its Boscalo deposit at the Woodlark project. JV - Drilling results incl. 15m @ 5.8g/t Au from 64m. The Board of Geopacific Resources Ltd (Geopacific) is pleased to pro | |
| 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 Kulumadau East mineralisation, Geopacific confirmed in December 2017 that Boscalo represents the discovery of a significant new zone of gold mineralisation situated beneath shallow cover adjacent to the Kulumadau East deposit. The main zone strikes to the north-west and is currently delineated over a two hundred metre strike length using shallow RC drilling. Mineralisation remains open at depth and along strike. In addition to the main zone, a parallel zone of mineralisation between Boscalo and Kulumadau East has also been identified, further confirming the significant potential for additional gold discoveries in the area The mineralisation at Boscalo is typical of low sulphidation epithermal deposits. Mineralisation is associated with intensely hydrothermally-altered breccias developed within volcanic rocks. The orientation of the mineralised zone at Boscalo is different to Kulumadau East, striking to the north-west as opposed to the more north-south strike of Kulumadau East. Higher grade zones fall within a much broader, mineralised envelope, as indicated on the oblique section in figure 1. The majority of holes have been drilled to a shallow depth of 120 metres with some holes reaching 140 metres. | |
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