Papuan Precious Metals has received complete results for the latest two drill holes at its Urua Creek prospect within the Mt Suckling project in the central New Guinea range, with both holes intersecting significant gold-copper porphyry-style mineralization along their entire length.
The holes tested gold and copper soil anomalies and gold and copper trench values found in line 10 of the Urua Creek grid. One hole encountered several types of gold and copper mineralization throughout its 302.6 metre length. The latest results for this hole demonstrated a broad 12.3 metre quartz stockwork zone grading 0.13% copper including 0.7 metres of 1.12% copper and 1.16 grams/tonne gold.
The other hole intersected 4 metres @ 0.71% copper and 0.25 grams/tonne gold and 12 metres @ 0.2% copper including 4 metres @ 0.84% copper. It is the second to intersect the Urua Creek diatreme breccia, as part of a three hole drill program that targeted a significant chargeability anomaly identified by a 3D-Induced Polarization ground geophysical survey completed last year.
Meantime, the company has extended its drilling program at the Doriri Creek nickel-lead-platinum prospect also within the Mt Suckling project, after initial positive observations from core. Assay results from the 4 holes are expected to be received in the next few weeks.
Mt Suckling comprises the Urua, Araboro and Loleu Creek porphyry systems, the Dimidi Creek potassium anomaly and the Doriri Creek hydrothermal prospect. It covers 316sqkm at the eastern end of the central New Guinea range, which is regarded as one of the world’s premier porphyry copper and precious metals belts.