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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Kulumadau | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 6/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-6-2017: 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. 18m @ 8.89g/t Au from 102m. 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). Geopacific Managing Director Ron Heeks said “Drilling at Woodlark is ongoing with all 3 rigs drilling at Kulumadau. Positive results continue with wide intersections of good grade mineralisation around and below the 2012 pit designs. “Current results highlight an evolving zone of robust mineralisation just north of Kulumadau East and the depth potential of the East zone. These results can only add to the Resource and Reserve inventory of the project. ” The results of RC hole KU17RC009, which were announced on 21 March 2017, and the new results are visible in the cross section below. The results being broad intersections of high-grade mineralisation from surface were sufficiently attractive to warrant follow-up drilling, which has resulted in further success. Mineralisation encountered in both the diamond and RC drilling falls outside the current Reserve inventory and is approximately 100m north-east of the 2012 proposed East Kulumadau pit boundary as seen in the drillhole location plan Figure 3. Mineralised intersections were encountered in both sheared volcaniclastic rocks as well as late-stage breccias. | |
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