Geopacific has released positive drill results confirming the increasing value of its flagship Woodlark Gold Project in Papua New Guinea.
The current drilling campaign at the Woodlark Gold Project resulted in identification of broad zones of high-grade mineralisation at both the Kulumandau West and Busai deposits, while the area north of Kulumadau East also continues to produce positive results from surface, in line with the Kulumadau deposit.
The results confirm continuity of the mineralisation zones, as predicted. All results are within close proximity to the 2012 pit designs.
Geopacific Managing Director Ron Heeks said the impressive results provide continued confidence in Geopacific’s strategy to develop Woodlark into a robust project.
“Depth extensions at the Kulumandau West and Busai deposits have been identified, demonstrating positive potential for Woodlark,” he said.
“The trend continues across all three areas with broad intersections of mineralisation identified at Kulumandu West, Busai and Kulumandau East.”
The latest drilling comes off the back of previous positive results, from the ongoing drilling campaign.
The company will continue to upgrade its JORC resources with the view to releasing updated resource and reserve statements in the next few months.