Geopacific Resources has completed a round of metallurgical drilling for metallurgical variability studies at the Woodlark Gold Project in Papua New Guinea. Initial results continue to highlight the wide zones of gold mineralisation that have previously been identified.
Stages of the test work will be used to calculate independent reserve estimates with all results to be used in the updated definitive feasibility study (DFS), which is under way. The main aim of the test work is to confirm that historic test work is representative of the mineralisation.
The drilling has confirmed broad zones of gold as well as continuity of mineralisation at the Busai and Kulumadau deposits.
Best results are 7 metres from 21 metres @ 4.48 g/t, 42 metres from 31 metres @ 2.58 g/t and 12 metres from 78 metres @ 2.34 g/t in one hole; and 7.9 metres from 39.6 metres @ 9.21 g/t and 17.0 metres from 114 metres @ 2.27 g/t in another.
The test work program has been designed by Lycopodium Engineering and will be supervised from their Brisbane office. ALS laboratories has been engaged to undertake the test work in Australia.
Approximately 5 tonnes of PQ size (85mm) has been dispatched for test work at ALS laboratories. The tests are expected to take about 16 weeks.
Geopacific said that with the metallurgical drilling complete, development drilling has resumed at the Kulumadau deposit, testing extensions of the northern extents of the mineralisation.
Meantime, Geopacific’s controlling interest of its Woodlark partner Kula Gold has reached 74.91%. The takeover offer remains open and Geopacific seeks to reach 90%.
Geopacific’s managing director Ron Heeks said, “Our technical team continues to advance the Woodlark project effectively. Progress on the takeover is pleasing and remaining matters rest with our corporate team.
“We encourage Kula shareholders to accept and join our story moving forward to benefit from opportunities offered by holding Geopacific’s stock.”