For thousands of other reports visit RSC's Mineral Intellingence Map
Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Kulumadau | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 3/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2017: 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. 23m @ 4.82g/t Au from 102m. The Board of Geopacific Resources Ltd (Geop | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ron Heeks (Internal) | |
| ABSTRACT: | The Board of Geopacific Resources Ltd (Geopacific) is pleased to provide more assay results showing significant gold intersections from the Kulumadau deposit at the Woodlark Gold Project (Woodlark). The holes were designed to test for extensions to known mineralisation to the south of current Kulumadau West pit design. The results demonstrate a successful outcome, showing obvious potential to upgrade Woodlark’s Resource inventory and deliver the plan to increase Reserves to 1.2 million ounces. Geopacific Managing Director Ron Heeks said “It’s good to see such positive results continuing to confirm our expectations. They demonstrate the potential to increase the Reserve inventory when we update the estimation, because of their proximity to current pit designs and it is always great to see visible gold. We’re expecting results from further infill drilling to the north and east of Kulumadau shortly and assays for 18 geotechnical holes drilled prior to Geopacific’s involvement.” Drilling continues with an RC and two diamond drillrigs at the Kulumadau and Busai deposits, as Geopacific progresses towards its aim of increasing Reserves to 1.2-million ounces. | |
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