Geopacific Resources Drilling at Papua New Guinea Gold Project Returns High-Grade Intercepts; Shares Gain 3%

MT Newswires Live
1 hour ago

Geopacific Resources (ASX:GPR) said a drilling program at its Woodlark gold project in Papua New Guinea returned "significant" high-grade gold intercepts, providing potential upside to a recent definitive feasibility study, according to a Wednesday filing with the Australian bourse.

The most significant gold intersections include 36 meters at 1.48 grams per tonne grade of gold from 60 meters; 2.3 meters at 16.40 g/t from 114.7 meters; 7.2 meters at 3.30 g/t from 97.8 meters; 1.4 meters at 29.40 g/t from 257 meters; 2.7 meters at 9.34 g/t from 110 meters; and nine meters at 4.20 g/t from 141 meters, among others.

Much of the drilling focused on areas close to existing mineral resources and planned infrastructure, providing potential for resource growth and mine life extension, the company said.

Its shares rose 3% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10