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Geopacific Resources Ltd.
Summary
| Project: | Kou Sa | |
|---|---|---|
| Deposit: | Prospect 190 | |
| Location: | Cambodia | |
| Commodities: | Gold-Silver | |
| Date: | 8/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 12-8-2016: Geopacific Resources Ltd. announces an Exploration/Drilling Update report for its Prospect 190 deposit at the Kou Sa project. Drilling results incl. 6.00m @ 3.56ppm Au, 15.48ppm Ag from 22.50m. The Board of Geopacific Resources Limited (Geopaci | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ron Heeks (Internal) | |
| ABSTRACT: | The Board of Geopacific Resources Limited (Geopacific) is pleased to provide exploration results for Prospects 190 Gold at the Kou Sa Project in Cambodia. Recent drilling encountered additional gold and silver mineralisation in the newly identified epithermal system at the Prospect 190 Gold area. The results confirm that the Prospect 190 Gold holds potential to host more significant gold mineralisation Previous results from the prospect include 7.35m @ 12.39 g/t Au eq in hole KDH178 – NEW GOLD DISCOVERY (released 15-Mar-16). These results are up-dip from the previous results and indicate that the zone extends upwards while also continuing to the west. The gold zone at Prospect 190 Gold remains open to the west and east with a potential open plunge to the south west. The results from Prospect 190 Gold sustain the potential of a substantial, deeper source at Kou Sa which is capable of driving the wide zones of mineralisation found at Prospect 190 Gold and in several other areas. These results show smaller zones of high-grade mineralisation situated within wide, lower-grade zones, all close to surface. The wide zones of lower-grade mineralisation are associated with broad zones of altered rocks suggesting the presence of a larger, deeper source of mineralised fluids. The gold to silver ratio in these results indicate that the intersections are at the upper levels of an epithermal system. It follows that the expectation is for gold to increase with depth. Further drilling is planned at Prospect 190 Gold, to test for extensions to the mineralisation down-dip and down plunge. | |
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