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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Kulumadau | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 3/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-3-2017: 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. 21m @ 3.27g/t Au from 40m. The Board of Geopacific Resources Ltd (Geopa | |
| 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 new gold intersections from the Kulumadau deposit at the Woodlark Gold Project (Woodlark). Drilling at Kulumadau East was designed to extend and infill the inferred mineralisation north of the current Kulumadau pit design and has intercepted a wide zone of mineralisation in Reverse Circulation (RC) hole KU17RC009. An adjacent diamond hole (KU17DD003), designed to further test this zone and aid geological interpretation has been drilled with results pending. A wide zone of alteration in KU17DD003 was logged and included two zones of visible gold. Geopacific Managing Director Ron Heeks said “The ongoing flow of good results from infill and extensional drilling should add to the Reserve inventory of the Project. This is the second time in a week that results have provided the potential to extend both the length and depth of the current pit designs. These results are particularly good as they may assist with joining the East pit with the Adelaide zone to the north. “Good assay results from the old geotechnical holes also continue, providing further support. Another 18 old geotechnical holes have been sent for assaying – it will be interesting to see how many more will be mineralised.” | |
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