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Highlands Pacific Ltd.
Summary
| Project: | Star Mountains | |
|---|---|---|
| Deposit: | Fune, Olgal | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Gold | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2017: Highlands Pacific Ltd. announces an Exploration/Drilling Update report for its Fune, Olgal deposit at the Star Mountains project. JV with Anglo America - drilling results incl. 158m @ 0.45% Cu, 0.13ppm Au from 198m. The fourth hole drilled at F | |
| Resources: | x | |
| CP/QP: | [Overall Report]: LD Queen (Internal) | |
| ABSTRACT: | The fourth hole drilled at Fune, to investigate a conductive anomaly identified through geophysics and airborne surveys, was completed on August 2, reaching 907.8 metres. Core logging revealed skarn and porphyry mineralisation between 136 metres and 390 metres. Assay results for the hole are expected in September. Drilling will now resume at the Olgal prospect to the south east of previous drilling, where a number of holes were drilled in the 2015 campaign, revealing extended zones of mineralisation. A drill pad is now being prepared for hole 21 at Olgal, which is to be drilled to 600 metres, targeting a potential skarn zone. This is expected to be the final hole in the current campaign. Highlands CEO Craig Lennon said the latest results provided further information to enhance understanding of the Star Mountains geology. “These are great results, again confirming wide mineralised zones. This drilling information continues to support our expectation that there is potential for a large copper porphyry system at the Star Mountains that could support a significant mining operation. Each piece of drilling data helps us to understand the geology and allows us to refine our exploration efforts,” he said. Highlands and Anglo American commenced the current exploration drilling program in October 2016. Six holes have now been drilled and completed for a total of 5,182.6 metres. | |
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