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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Kulumadau | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 7/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-7-2017: Geopacific Resources Ltd. announces an Exploration/Drilling Update report for its Kulumadau deposit at the Woodlark project. JV with Kula Gold Ltd. - Drilling results incl. 3m @ 63.44g/t Au from 212m. The Board of Geopacific Resources Ltd (Geop | |
| 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 additional assay results from development drilling at the Kulumadau deposit at the Woodlark Gold Project (Woodlark) in joint venture with Kula Gold Limited (ASX:KGD). Drilling in the area of the Kulumadau West deposit targeted depth extensions of the mineralisation with success. Results returned strong zones of high-grade mineralisation within 100 metres of the base of the 2012 pit design, increasing certainty around inferred mineralisation identified in historic drilling. Drilling to the north of the Kulumadau East deposit continued to return broad zones of near-surface mineralisation, which remains open along strike and at depth. Ongoing development drilling at Busai has confirmed the presence of broad gold intercepts below the Busai Main deposit. These results compliment previously released intersections and confirm the continuation of gold mineralisation below the 2012 pit design. Kulumadau West is the main area of the Kulumadau deposit, characterised by broad, strong zones of gold mineralisation. This mineralisation is generally associated with cataclaisite breccias and related clay alterations. Recent drilling at Kulumadau West aimed to define depth extensions to the mineralisation and to improve inferred resources below the base of the 2012 pit design. Results have confirmed and extended the down-dip continuity of mineralisation which remains open at depth. The depth of the 2012 pit design varies between 130 to 150 metres, with current results within 100 metres of the pit base. | |
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