Announcement Date: 2022-05-30
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Geopacific Resources Ltd.
Project name: Woodlark
Location: Papua New Guinea
Commodities: Gold
Highlight: Drilling results incl. 41m @ 10.4g/t Au from 0.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Geopacific Resources Limited (‘Geopacific’ or ‘the Company’; ASX: GPR) is pleased to provide further updates on its successful grade control and resource extension drilling at the Woodlark Gold Project (‘the Project’). The Company continues to receive positive results from its recently completed grade control campaign and the ongoing exploration drilling campaign at the Project (refer ASX releases of 4 March 2022 and 16 February 2022). Results from the final 25 holes in the grade control drill campaign at Kulumadau have been received, highlighting the upside potential within the existing pit shells. The results include a series of near surface, high gram-metre intercepts (Figure 1) within the Kulumadau pit. All grade control hole assays have now been received. The grade control drilling has continued to define consistent intercepts within the existing pit shell at Kulumadau, particularly KULSTG001 a deeper hole (drilled primarily for metallurgical purposes) which reported high grade intercepts across the length of the hole to the depth of the current pit shell design. The grade control drilling campaign has provided a greater level of geological understanding of the mineralogy and grade dispersion within the existing pit shell.
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