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Geopacific Resources Ltd.
Summary
| Project: | Woodlark | |
|---|---|---|
| Deposit: | Kulumadau | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2017: 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. 7.9m @ 9.21g/t Au from 39.6m. The Board of Geopacific Resources Ltd (Ge | |
| 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 assay results from drilling for metallurgical testwork at the Woodlark Gold Project (Woodlark). Geopacific’s controlling interest of subsidiary, Kula Gold Limited (ASX:KGD), has reached 74.91%. Geopacific has finished a round of metallurgical drilling for metallurgical variability studies at Woodlark. The results for the initial holes have been received and continue to highlight the wide zones of gold mineralisation that have previously been identified. Stages of the testwork will be used to calculate independent reserve estimates, with all results to be used in the updated Definitive Feasibility Study (DFS). The main aim of the testwork is to confirm that historic testwork is representative of the mineralisation. The testwork program has been designed by Lycopodium Engineering and will be supervised from their Brisbane office. ALS laboratories has been engaged to undertake the testwork in Australia. With the metallurgical drilling complete, development drilling has resumed at the Kulumadau deposit, testing extensions of the northern extents of the mineralisation. The aim of the drilling is to maximise mineralised samples to provide material for metallurgical testing. Approximately 5 tonnes of PQ size (85mm) has been dispatched for testwork at ALS laboratories in Australia. The testwork is expected to take approximately 16 weeks. Results will be released as they become available. | |
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