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South Pacific Metals Identifies Multiple Copper-Gold Mineralized Districts at May River Project
Historical Drill Highlights Include: 19 m @11.47% Cu, 2.17g/t Au from 13 m Depth at Ufuo Massive ...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"South Pacific Metals Identifies Multiple Copper-Gold Mineralized Districts at May River ProjectHistorical Drill Highlights Include:19 m @11.47% Cu, 2.17g/t Au from 13 m Depth at Ufuo Massive Sulfide Prospect109 m at 1.53 g/t Au from Surface at Skygate Cu-Au Porphyry ProspectVancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (\"SPMC\" or the \"Company\") is pleased to announce that two significant mineralized districts - the Skygate Cu-Au Porphyry-Epithermal District and the Ufuo Polymetallic Massive Sulfide District - have been identified by the Company following a thorough evaluation data from decades of historical work. Project Highlights:Ufuo Polymetallic Massive Sulfide District: hosts a complex of five massive sulfide bodies, hosted in volcanics with a clear structural control. Two have been drilled with historical results returning high-grade Cu (+Au, Zn, Pb, Ag) near surface: 19 m @11.47% Cu, 2.17g/t Au from 13 m depth1 and 11 m @ 10.07% Cu, 2.03g/t Au from 13 m depth1. Multiple other undrilled geophysical targets remain in this prospect area; Skygate Cu-Au Trend: a 7-km long gold-copper mineralized trend lying 15 km west of the giant Frieda River Cu-Au deposit, which hosts 12 Mt Cu and 20 Moz Au2. This trend features confirmed Cu-Au porphyry exposures and historically drilled gold-bearing diatreme breccias. New, advanced review, reprocessing and modeling of historic data has illustrated the potential for sub-surface porphyry targets. This trend lies within similar host rocks and structural setting to that of Frieda River.Historical drilling intercepts include 109 m at 1.53 g/t Au from surface1 and 54 m at 1.83 g/t Au from 106 m depth1, with holes ending in +1 g/t Au mineralization; andExpansive Copper-Gold Exploration Package: district-scale tenement package (~1,700 km²) , hosting multiple styles of mineralization with more than 20 identified prospects ranging from high grade polymetallic massive sulfide, epithermal Au and porphyry Cu-Au-Mo1.As a result, the Company is currently evaluating various non-dilutive, project-level financing options to advance exploration efforts which may include surface sampling, mapping and drilling. Refer to Figure 1 for an overview of prospects at May River.\"As we continue to evaluate and integrate ove...