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Sonoran Desert Copper Corporation Enters into Option Agreement on Papua New Guinea Gold-Silver-Copper Property
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - Sonoran Desert Copper Corporati...
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[{"type":"text","content":"Sonoran Desert Copper Corporation Enters into Option Agreement on Papua New Guinea Gold-Silver-Copper PropertyVancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU) (\"SDCU\" or the \"Company\") is pleased to announce that the Company has received a signed option agreement dated March 9th for the highly prospective Normanby gold-silver-copper project located in Papua New Guinea (the \"Normanby Project\" or the \"Project\"). The Normanby Project consists of two Exploration Licences (EL): EL 2504 (Sehulea) and EL 2590 (East Normanby).Normanby Project BackgroundEL 2504 - Sehulea (Au-Ag)A large-scale, low-sulphidation, epithermal system is present across eastern/southern Normanby Island and the Sehulea exploration licence. Exploration to date has demonstrated gold + silver mineralization in rocks, soils and streams over the entire 8km strike length within the licence. The gold mineralised system then continues into the adjoining EL 2590 - East Normanby Exploration Licence.EL 2504 contains the Weioko epithermal gold deposit along with five additional highly prospective gold targets (Weioko Prospects). The Weioko deposit is located near the coast, at the northern end of a N-S trending ridgeline, over a strike length up to 400m. The Weioko deposit has 67 historical diamond core and reverse circulation holes totaling 5,791.7m. The holes tested 400m of strike length (N-S) and intersected wide intervals of gold mineralisation. Drill results include 2.24 g/t Au and 8.9 g/t Ag over 64.6m and 16.27 g/t Au and 27.3 g/t Ag over 3.0m.There is very good potential in the Weioko Prospects for bulk-tonnage, low-sulphidation epithermal gold mineralisation in the permeable volcanics and sediments overlying the metamorphic basement. There is also very good potential for lower-tonnage, higher-grade discrete vein and/or vein stockwork type mineralisation in both the sediments and the basement metamorphics.The Weioko Deposit is located at the midpoint of EL 2504 and its gold prospects. It was discovered in 1986 during a program of rock chip sampling and ridge/spur soil sampling to follow up pan concentrate gold anomalies and epithermal-style float found during earlier reconnaissance. A total of 1,088 soil and 104 outcrop and float rock samples were collected. The soil samples were an...