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South Pacific Metals Advances Gold-Copper Exploration Activity Across Its Papua New Guinea Portfolio
VANCOUVER, BC / ACCESSWIRE / July 3, 2024 / South Pacific Metals Corp. (TSXV:SPMC)(FSE:6J00)...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"South Pacific Metals Advances Gold-Copper Exploration Activity Across Its Papua New Guinea PortfolioVANCOUVER, BC / ACCESSWIRE / July 3, 2024 / South Pacific Metals Corp. (TSXV:SPMC)(FSE:6J00) (\"SPMC\" or the \"Company\"), an emerging gold-copper exploration company operating in the heart of Papua New Guinea's proven production corridors, is pleased to announce it has launched a systematic and aggressive exploration program to evaluate its 3,000 square kilometre (km2) portfolio of four gold-copper projects. Generative exploration programs at Anga, Osena, Kili Teke and May River Projects will focus on achieving near-term discoveries and identifying additional growth opportunities.Highlights:Boots-on-the-Ground Exploration in the Mineral-Rich Kainantu District: Design of surface sampling, mapping and prospecting programs is currently underway for both the Anga and Osena Projects, located in the Kainantu Gold District and mantling K92's tenements that host their producing Kainantu Gold Mine;Surface Sampling Analysis at Osena: Submission of 550 surface soil, rock and trench samples collected at the Ontenu porphyry copper-gold prospect in fall 2023 (under previous management) for assaying;Kili Teke Porphyry Copper-Gold Deposit Expansion: Desktop analysis of comprehensive datasets (geochemical, geophysical, geological and drilling) to identify near-resource targets for possible deposit expansion; andMay River Target Evaluation: Comprehensive desktop review and re-interpretation of extensive historic and modern datasets (geochemical, geophysics, geological, and drilling) is underway to target large-scale porphyry copper-gold and epithermal gold vein systems proximal to the Frieda River Deposit.Figure 1: Location of South Pacific Metal's Projects within Papua New Guinea Four Projects Covering 3,000 km² Across the Most Well-Endowed Metal Province in the World\"With new management and our experienced in-country team in place, the Company is streamlined and laser-focused on the tremendous exploration potential of all four projects,\" stated Michael Murphy, Executive Chairman & CEO. \"Having recently traveled to Papua New Guinea for a series of site reviews and stakeholder meetings with government officials and community members, it's clear that each of our assets has the potential to demonstrate generational importance. Our strat...