South Pacific Metals Drills 92 m of Mineralisation at Ontenu NE; Peak Intercepts Return 9.92 g/t Gold and 2.35% Copper

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[{"type":"text","content":"Mineralisation hit in 5 of 7 holes; high-grade intercepts at Onki (9.92 g/t Au, 2.35% Cu) and Jorkol (3.16 g/t Au with 602 ppm Bi) confirm SPMC is drilling within a mineralised hydrothermal system — ongoing drilling will target the productive, high-grade parts of the veins.","length":274,"tagName":"p"},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") reports results from the first-ever drill program at its Ontenu NE project in Papua New Guinea — seven holes for 2,266 m completed to date within the wider Osena Project area on the Kainantu Transfer Zone, the same regional structural corridor that hosts K92 Mining's producing Kainantu gold-copper mine (see Figure 6). Assays have been received for six holes; the seventh is pending. Holes 8 and 9 are currently being drilled.","length":607,"tagName":"p"},{"type":"text","content":"Program Highlights","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gold mineralisation confirmed in 5 of 7 holes across two distinct zones (Onki and Jorkol) and two distinct mineralisation styles (see Figure 4).","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":"Two high-grade peak intercepts on the K92 corridor:","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Onki Zone — hole ONED26-006: 2 m @ 5.74 g/t Au, 1.49% Cu, 35 g/t Ag (peak 9.92 g/t Au re-assay, 2.35% Cu).","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Jorkol Zone — hole ONED25-001: 0.5 m peak assaying 3.16 g/t Au, 0.62% Cu, 96 g/t Ag with 602 ppm Bi.","length":100,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":206,"olType":false}]},{"val":[{"type":"text","content":"Wide low-grade halos surrounding both peaks — 92 m @ 0.34 g/t Au at Onki and 4.5 m @ 0.77 g/t Au at Jorkol — with multi-element pathfinder signatures (As, Sb, Bi, Te) characteristic of intermediate- to high-sulfidation epithermal systems.","length":238,"tagName":"p"}]},{"val":[{"type":"text","content":"Geological evidence of an intact, vertically zoned hydrothermal system at Onki: phreatic breccia overlying an intensely silicified horizon, interpreted as a silica cap above a preserved hydrothermal system.","length...

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