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Highlands Pacific Ltd.
Summary
| Project: | Star Mountains | |
|---|---|---|
| Deposit: | Unfin, Fune | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Gold | |
| Date: | 3/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-3-2017: Highlands Pacific Ltd. announces an Exploration/Drilling Update report for its Unfin, Fune deposit at the Star Mountains project. JV with Anglo America - drilling results incl. 8.7m @ 0.02g/t Au, 0.64% Cu from 777.9m. Highlands Pacific Ltd (ASX: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: LD Queen (Internal) | |
| ABSTRACT: | Highlands Pacific Ltd (ASX:HIG) and its joint venture partner Anglo American plc have received results from the first two holes drilled in the current Star Mountains exploration campaign. Results are encouraging, confirming mineralisation at the targets tested and providing improved understanding of the geology of the two new prospects - Unfin and Fune. At Unfin, the first hole reached a depth of 1061 metres and encountered extended zones of low grade copper and gold mineralisation as well as some higher grade intercepts. The hole confirms the existence of porphyry copper mineralisation, with skarn zones encountered suggesting the first hole is toward the edge of the mineralised system. One further hole is being drilled at Unfin in the current campaign to identify higher grade zones. The next stage of the drilling program at Unfin will be determined after results are received from the second hole. Highlands CEO Craig Lennon said the results provided further evidence of the potential at Star Mountains. "We are encouraged by these results and remain cautiously optimistic that further drilling at these targets will identify significant high grade zones," he said. "We are steadily improving our understanding of the geology of these prospects and look forward to exciting results during the remainder of the campaign." | |
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