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South Pacific Metals Identifies Additional Large Copper-Gold Target at Osena Project, Papua New Guinea
Data Review Now Shows Cluster of Five Large-Scale Copper-Gold Targets Across 5 Km x 3 Km Expanded...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"South Pacific Metals Identifies Additional Large Copper-Gold Target at Osena Project, Papua New GuineaData Review Now Shows Cluster of Five Large-Scale Copper-Gold Targets Across 5 Km x 3 Km Expanded Ontenu ProspectVancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (\"SPMC\" or the \"Company\"), an emerging gold-copper exploration company operating across Papua New Guinea, is pleased to announce another significant Copper-Gold intrusive target has now been identified at the Ontenu Cu-Au Prospect. The new target, Ontenu Northeast is now the fifth large-scale target discovered within an expanded 5 km by 3 km mineralized area, located along strike in the Kainantu Transfer Zone adjacent to K92 Mining's tenement (see Figures 1 & 2). Highlights:Newly identified Ontenu Northeast target - geophysical and geochemical target indicating a mineralized intrusive is present. Historical data review also reveals this area was first sampled in 1985 by Renison Goldfields Consolidated (\"RGC\") who determined to likely host lode-gold style mineralization (consistent with what K92 is now mining); Target footprint expansion - with at least five highly-prospective geophysical targets with coincident surface Cu-Au anomalies, Ontenu now represents a large-scale, multi-intrusive Copper-Gold porphyry, vein and skarn complex extending over 5 km x 3 km; Confirmed gold-bearing breccias - recent results from Ontenu Central include 79 m averaging 0.75 g/t Au, including 4 m at 4.52 g/t Au and individual samples up to 8.82 g/t Au;Significant historical rock samples targeted for on-the-ground follow-up including surface samples that returned 73 g/t Au, 960 g/t Ag, 3.17% Cu & 10.6% Zn (in different locations); andExploration program being prepared for execution in Q4, 2024, along with 3D geological and structural modeling to assist with drill planning efforts. \"Following a comprehensive review of historic and recent exploration data, Ontenu has quickly emerged as a very exciting prospect in the Kainantu District,\" said Cathy Fitzgerald, President and Chief Geologist. \"Our integration and validation of historic data from previous explorers, along with contemporary analysis of geophysics, geological and alteration mapping and surface sampling, demonstrates what may be an e...