Photo credit: Geopacific Resources - Figure 2: Mining Lease exploration target areas
Geopacific Resources Limited 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 and resource extension drilling campaign continues to deliver positive results and demonstrates the upside potential that exists to expand the Mineral Resources at the Project. With results from over 50 holes received, the grade control drilling campaign has increased our understanding of the geology that exists within the pits providing additional data to be utilised in future mine planning models. The ongoing drilling campaign will target further near-pit exploration potential with a focus on the recent encouraging results from the previously undrilled Kulumadau East region. I look forward to updating the market in coming periods as we continue to receive further drilling results.”
Woodlark Grade Control and Exploration drilling
The Company continues to receive positive results from its recently completed grade control campaign and the ongoing exploration drilling campaign at the Project (refer ASX releases of 4 March 2022 and 16 February 2022).
Results from the final 25 holes in the grade control drill campaign at Kulumadau have been received, highlighting the 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.
All grade control hole assays have now been received. The grade control drilling has continued to define consistent intercepts within the existing pit shell at Kulumadau, particularly KULSTG001 a deeper hole (drilled primarily for metallurgical purposes) which reported high grade intercepts across the length of the hole to the depth of the current pit shell design.
The grade control drilling campaign has provided a greater level of geological understanding of the mineralogy and grade dispersion within the existing pit shell.
The campaign demonstrated the significant mineralogy that exists outside the existing pit shells (Figure 3), with extension drilling results to date from Kulumadau and Busai reinforcing the Company’s view of the potential for pit extension, with all three planned pits at the Project open along strike and at depth. A further 15 Busai resource extension holes are awaiting assay.
A further 19 drill holes in the resource extension drilling campaign at Kulumadau were also received, with encouraging high-grade intercepts. The resource extension drilling during the quarter also highlighted the potential at Kulumadau East (Figure 4).
The ongoing drilling campaign will continue to focus on Woodlark’s near-pit exploration potential within the existing Mining Lease (Figure 2). This work will ensure that any development of mining infrastructure on site will be appropriately sized for the potential mineral resource that exists within the Project.
View the press release and figures HERE
