For thousands of other reports visit RSC's Mineral Intellingence Map
Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Busai | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 5/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-5-2017: Geopacific Resources Ltd. announces an Exploration/Drilling Update report for its Busai deposit at the Woodlark project. JV with Kula Gold Ltd. - Drilling results incl. 9m @ 17.29g/t Au from 28m. The Board of Geopacific Resources Limited (Geopa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jim Kerr (Internal) | |
| ABSTRACT: | The Board of Geopacific Resources Limited (Geopacific) is pleased to provide further results from ongoing development drilling at the Busai deposit of the Woodlark Gold Project (Woodlark), held in joint venture with Kula Gold Limited (ASX:KGD). The current development drilling program is targeting existing, near-pit Inferred Resource mineralisation with the aim of improving its categorisation to Measured and Indicated status. Infill drilling the current widely spaced drilling improves the certainty around continuity of the mineralisation and may allow its inclusion in an updated Reserve calculation, which is the main aim of the program. Assay results continue to return significant gold values along-strike and beneath the 2012 pit design, which are encouraging in this regard. Geopacific Managing Director Ron Heeks said “Drilling results from Busai continue to produce good intersections of wide, high-grade mineralisation in and around the 2012 pit designs – holding the potential to be included in future Reserve calculations. “Identifying the plunge to the south-east on the mineralisation has been gained from a greater understanding of the geology – a credit to geological team.” In pursuit of the aim of upgrading Resources to improve certainty, drilling has tested potential depth and strike extensions. The mineralisation intersected in the drilling continues to confirm expectations and is consistent with that of the current Resource estimate. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report