- Geopacific Resources (GPR) continues its success at the Woodlark gold project with further positive gold results
- Results have been received for a further 23 holes from the grade control drilling program at the Kulumadau pit with grades peaking at 20.2g/t gold
- Geopacific also received results from a further seven holes drilled at Busai which saw up to 4.59g/t gold intersected
- Exploration drilling to the north and east of the current Kulumadau resource began in February and work is continuing
- Shares in Geopacific have been trading steady at 21 cents since December 13
Geopacific Resources (GPR) continues its success at the Woodlark gold project with further positive gold results.
The Woodlark project lies in the ‘pacific rim of fire’ in Papua New Guinea and is surrounded by world-class gold mines.
Results have been received for a further 23 holes from the grade control drilling program at the Kulumadau pit and have highlighted the upside potential within the existing pit shells.
Best results include nine metres at 20.2 grams per tonne (g/t) gold from 20 metres, nine metres at 15.5g/t gold from surface and 26 metres at 7.38g/t gold from 34 metres.
Geopacific also received results from a further seven holes drilled at Busai with multiple encouraging high-grade intercepts encountered.
Results include seven metres at 4.59g/t gold from 41 metres, seven metres at 1.70g/t gold from 50 metres and 10 metres at 1.31g/t gold from 71 metres.
The results received to date from Kulumadau and Busai reinforce the potential for pit extension.
Exploration drilling to the north and east of the current Kulumadau resource began in February and work is continuing.
“We have now received assays from 34 grade control holes with a substantial number reporting significant high-grade intercepts, supporting our view that there is considerable upside potential within the existing pit shells,” CEO Tim Richards said.
“The continued trend of positive results across the drilling campaign highlights the potential that exists across Woodlark Island to expand our mineral resources.”
Shares in Geopacific have been trading steady at 21 cents since December 13.