South Pacific Metals Corp. has announced the discovery of new gold-copper mineralized zones at Golkona South, part of its Anga Project in Papua New Guinea.
The Anga Project lies immediately northeast of, and contiguous with, K92 Mining’s tenements in the Kainantu District — a region widely recognised as one of PNG’s most prospective gold-copper belts.
Highlights – Golkona South
- A 2.2 × 1.1 km gold-in-soil anomaly has been identified, with high soil assays (peak value of 1,080 ppb Au) — the highest soil gold values reported on the Anga Project to date.
- Two zones of high copper (>1,000 ppm Cu) and silver (>250 ppb Ag) in soil samples, with peak results up to 3,397 ppm Cu and 2,160 ppb Ag, are located within the broader gold-in-soil anomaly.
- Panned concentrate samples from streams draining Golkona South contain up to 282 ppm Au, indicating a local mineralized source.
- The anomalous area aligns with mobile MT conductivity features, which correlate with known deposits in the Kainantu region.
- Regional interpretation shows a northeasterly trend in geophysical and structural features, with K92’s Arakompa deposit situated along the same trend to the southwest.
Next steps
- Geochemical sampling will continue at Golkona South, the adjacent Golkona prospect, and across the broader Anga tenement. Geological reconnaissance and mapping will aim to better understand the mineralization style and prospectivity.
- The results will be integrated with past geochemical and geophysical data to define initial drill targets.
SPMC Chief Executive Officer Timo Jauristo said the latest findings reinforce the potential of the Anga tenements. “We are very pleased with these latest soil geochemical results at Golkona South.
“The potential of Golkona South and the Anga tenements is highlighted by these results and their location along the northeasterly trend from K92’s large and growing Arakompa project. We look forward to continuing to advance this project, although our immediate priority is the imminent start of drilling to test the exciting epithermal vein targets at Ontenu NE," Jauristo said.
South Pacific Metals Corp. is an emerging gold-copper exploration company operating within Papua New Guinea’s proven mineral belts. With an expansive 3,100 km² land package and four key projects — Anga, Osena, Kili Teke, and May River — the Company is advancing systematic exploration across assets located alongside major producers K92 Mining, PanAust, and Barrick/Zijin.
The Anga and Osena Projects, which flank K92’s high-grade Kainantu operations, show potential for lode-gold and porphyry copper-gold mineralization similar to that of K92’s deposits. Kili Teke, 40 km from the Porgera Gold Mine, hosts an Inferred Mineral Resource with room for expansion, while May River sits adjacent to the world-class Frieda River copper-gold project, with historical drilling suggesting significant untapped potential.
