{"id":3515,"date":"2023-12-20T03:23:28","date_gmt":"2023-12-20T03:23:28","guid":{"rendered":"https:\/\/economicherald.net\/?p=3515"},"modified":"2023-12-20T03:23:28","modified_gmt":"2023-12-20T03:23:28","slug":"geopacific-uncovers-significant-scope-to-grow-1-6moz-woodlark-gold-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3515","title":{"rendered":"Geopacific uncovers \u2018significant scope\u2019 to grow 1.6Moz Woodlark gold project"},"content":{"rendered":"

Extensive review reveals significant exploration upside at 1.6Moz Woodlark gold project
\nGeopacific identifies four high-grade priority target areas outside existing resource
\nLarge-scale untested mineralised corridor provides further upside to extend near-surface resources<\/p>\n

\u00a0<\/p>\n

Special Report: <\/em>Geopacific Resources has significantly increased its chances of growing its flagship Woodlark gold project in Papua New Guinea well above the current 1.6Moz resource after a review flagged several new target areas with strong potential to host material economic mineralisation.<\/strong><\/p>\n

A comprehensive review of the Woodlark gold project by Geopacific Resources (ASX:GPR)<\/a> has shone a light on its significant exploration upside.<\/p>\n

A substantially expanded (and growing) integrated geological database has materially improved exploration targeting and defined several priority targets with the potential to host significant gold mineralisation at Woodlark.<\/p>\n

\u201cThe recently completed review shows there is significant scope to grow the 1.56Moz gold resource at Woodlark,\u201d Geopacific CEO James Fox said.<\/p>\n

\u201cAn increased metal inventory will drive a host of economic benefits for the project, including potential for increased cashflow, stronger financial returns, and extended mine-life.<\/p>\n

\u201cImportantly, numerous high-grade gold intercepts already exist across four priority target areas that have been identified through assessment of the integrated geological database.\u201d<\/p>\n

Woodlark gold project exploration targets<\/p>\n

Each area hosts several prospects, all with existing high-grade drill hits, including 18m at 4.40 grams per tonne (g\/t) gold from 22m at Great Northern, 26m at 1.92g\/t from 24m at Boscalo, 11m at 3.04g\/t from 49m at Talpos, 5m at 16.69g\/t from 14m west of Wayai Creek, and 21m at 3.47g\/t from 102m at Little McKenzie.<\/p>\n

All are outside the current resource, and the known mineralisation in each remains open and largely untested.<\/p>\n

Geopacific has also identified a large-scale untested mineralised corridor immediately north of the main Kulumadau West high-grade zone, which provides upside to extend near-surface resources.<\/p>\n

This new target extends for 1km of strike and is around 100m wide. It has a similar footprint to Kulumadau West, which hosts 1.78 million tonnes at 4.9g\/t for 279,600 oz of contained gold.<\/p>\n

\u00a0<\/p>\n

Millions worth of value still to unlock<\/strong><\/h2>\n

The Woodlark project spans 529km2 of the highly prospective Woodlark Island, and Geopacific is the only explorer\/miner in the region, making it a dominant force.<\/p>\n

PNG hosts a significant regional gold endowment and is home to several world-class projects including\u00a0Tolu Minerals\u2019 (ASX:TOK)<\/a> 2Moz Tolukuma mine and Barrick Gold\u2019s 26Moz Porgera mine.<\/p>\n

According to Geopacific, there is north of $250m in value still to be realised at the Woodlark project.<\/p>\n

The style of gold mineralisation at Woodlark is commonly associated with large-scale porphyry copper-gold deposits.<\/p>\n

Porphyry deposits provide 60-70% of global copper supply and range from 100 million to several billion tonnes, ranking them among the largest ore deposits on earth.<\/p>\n

Over the next six months, Geopacific will undertake field mapping programs across the four priority areas to validate existing data and support further testing through trenching and drilling.<\/p>\n

\u201cThe team has been working hard on capturing new, and digitising historic data, to build out the exploration vectors to support the targeting process,\u201d Fox said.<\/p>\n

\u201cOn-ground assessment and mapping will continue prior to trenching and drill-testing. We look forward to discovering new, and extending the known near-surface gold mineralisation.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Geopacific Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Geopacific uncovers \u2018significant scope\u2019 to grow 1.6Moz Woodlark gold project<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Extensive review reveals significant exploration upside at 1.6Moz Woodlark gold project Geopacific identifies four high-grade priority target areas outside existing resource Large-scale untested mineralised corridor [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3516,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nGeopacific uncovers \u2018significant scope\u2019 to grow 1.6Moz Woodlark gold project - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=3515\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Geopacific uncovers \u2018significant scope\u2019 to grow 1.6Moz Woodlark gold project - 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