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KAINANTU RESOURCES ADVANCES EXPLORATION AT HIGHLY PROSPECTIVE REGIONAL TARGETS
KAINANTU RESOURCES ADVANCES EXPLORATION AT HIGHLY PROSPECTIVE REGIONAL TARGETS ...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"\n \n \n \n KAINANTU RESOURCES ADVANCES EXPLORATION AT HIGHLY PROSPECTIVE REGIONAL TARGETS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 14, 2022\n \n \n /CNW/ - Kainantu Resources Ltd. (TSXV: KRL) (\"KRL\" or the \"Company\"), the\n \n Asia-Pacific\n \n focused gold mining company, is pleased to provide an update on regional exploration progress at the Ontenu area of interest, KRL South project.  Historic field work in combination with detailed analysis from the Company's airborne geophysical survey demonstrates the Ontenu area hosting several highly prospective Cu-Au targets (porphyry-skarn and associated epithermal Au).\n \n \n \n Highlights\n \n \n \n Key highlights include the following:\n \n \n \n a cluster of mineralised targets (porphyry-skarn and an associated epithermal breccia have been identified at Ontenu in the KRL South project, making this a stand-out priority for further exploration by KRL;\n \n \n \n \n Ontenu lies on the world renowned Kainantu Transfer Structure and is approximately 27 km SW of the K92 Mining Inc. (\"K92\") operating mine;\n \n \n \n \n exploration by prior operators reported extensive soil anomalies (Barrick Au-Cu-Mo soil geochemical anomaly: 100-375ppb Au; 300-2,300ppm Cu and 15-237ppm Mo);\n \n \n \n \n recent geophysical analysis commissioned by KRL identified several zones of high conductivity and discrete magnetic highs observed along both NW and NE trends;\n \n \n \n \n \n a central anomaly coincides with a zone of high Au geochemistry at the intersection of prominent NW & NE trending structures reported by Barrick Gold Corp. (\"Barrick\");\n \n \n \n \n a further anomaly associated with a coincident NW trending lineament represents a controlling structure in the same orientation as the high-grade Kora-Irumafimpa-Judd epithermal vein system underlaying K92's operations;\n \n \n \n \n \n three high priority targets have been identified by KRL for immediate work; with potential to move towards delineated drilling targets near term (su...