Photo credit: Geopacific Resources - Figure 1: Kulumadau cross section
Geopacific Resources Ltd is pleased to provide further updates on its successful grade control and resource extension drilling at the Woodlark Gold Project.
Chief Executive Officer, Tim Richards commented
“The grade control drilling campaign continues to deliver encouraging results. We have now received assays from 34 grade control holes with a substantial number reporting significant high-grade intercepts, supporting our view that there is considerable upside potential within the existing pit shells. The further seven resource extension drill holes returned favourable results that highlight the broader exploration potential across the mining leases. The continued trend of positive results across the drilling campaign highlights the potential that exists across Woodlark Island to expand our mineralresources. I look forward to updating the market in coming periods as we continue to receive further grade control and step out drilling results.”
Woodlark Grade Control and Exploration drilling
The Company continues to receive positive results from its ongoing grade control and exploration drilling campaign at the Project (ref ASX release 16 February 2022).
Further results from 23 holes in the grade control drill campaign at Kulumadau have been received, highlighting 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. A further 25 holes remain completed, with assay results pending.
Further results from seven drill holes in the resource extension drilling campaign at Busai were also received, with encouraging high grade intercepts. All are within 82 metres from surface (Figure 2).
The resource extension drilling results to date from Kulumadau and Busai reinforce the potential for pit extension, with all three planned pits at the Project open along strike and at depth. A further 5 resource extension holes from the Kulumadau deposit are awaiting assay.
Exploration drilling to the north and east of the current Kulumadau resource was commenced in February 2022 and is ongoing. There are currently 14 holes from this program awaiting assay.
A reconciliation of the grade control model to the Mineral Resource (ref ASX release 12 March 2018) will commence upon receipt of all outstanding samples.
The drilling campaign for the remainder of the first half of 2022 will focus on Woodlark’s significant near-pit exploration potential within the existing mineral lease (Figure 3).
View the full press release HERE. Article courtesy of Geopacific Resources
