The first hole drilled by Western Pacific Gold (WPI-A) has returned 297 metres grading 0.35% copper and 0.32 gram gold per tonne, including 100 metres of 0.61% copper and 0.59 gram gold, from the Ofi Creek project in Papua New Guinea.
The junior company says the hole ended in mineralized rock with frequent intersections above 1% copper in the last 100 metres. The hole, completed on the northern side of a zone of skarn mineralization, intersected fractured and mineralized zones of porphyry and phyllically altered schist.
More drill sites have been selected to test the southwestern, northwestern and southern extensions of the mineralized zone. Assays are awaited from several newly drilled holes.
Western Pacific believes fracture and shear systems have dislocated the porphyry down, and to the northwest of, the southeastern end of the zone.
This area will be tested for concealed, porphyry-style copper mineralization, peripheral zinc, silver and gold zones, and an overprinted epithermal gold zone.
The current 1,500-metre program is expected to take two months to complete.
The junior is earning a 51% interest in the project from BHP Minerals by spending $2 million before the summer of 1999.
BHP’s previous work led to a geological resource calculation of 85 million tonnes grading 0.6 gram gold and 0.4% copper.
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