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South Pacific Metals Reports Exceptional Surface Trenching Results at Osena Gold-Copper Project, Including 8.82g/t Gold Sample at Ontenu Prospect, Kainantu District
Assays Confirm Mineralization Across Entire 79 m trench, Including 4 m Averaging 4.52g/t Au ...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"South Pacific Metals Reports Exceptional Surface Trenching Results at Osena Gold-Copper Project, Including 8.82g/t Gold Sample at Ontenu Prospect, Kainantu DistrictAssays Confirm Mineralization Across Entire 79 m trench, Including 4 m Averaging 4.52g/t Au VANCOUVER, BC / ACCESSWIRE / August 27, 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 initial assay results from its Osena Gold-Copper Project surface exploration program, completed September 2023 at the Ontenu Prospect and surrounding areas.Highlights:Trench 1 returned significant results including a peak trench rock sample value of 8.82 g/t Au, 13.8 g/t Ag, 0.25% Cu, 580 ppm Mo, 0.93% Zn.79 m averaging 0.75 g/t Au, 981 ppm Cu, 1.73 g/t Ag, 1877 ppm Zn, including:16 m averaging 1.25 g/t Au, 0.15% Cu, 0.18% Zn; and4 m averaging 4.52 g/t Au, 0.13% Cu, 0.23% Zn.Trench 1 mineralization occurs across the entire 79 m trench and is expected to extend to the east and west over more than 200 m width.Regional rock samples returned up to 2.69 g/t Au, 71.3 g/t Ag, 0.26% Cu, 5.3% Zn.The Ontenu Prospect is part of an interpreted multi-intrusive, large-scale gold-copper porphyry system spanning an area of at least 2.5 km by 1 km. Metal signatures (Au-Te-Bi) in assayed soils and rocks suggest a later metal-bearing event overprinting an earlier porphyry Cu-Au-Mo event, similar to that observed at other major deposits such as at the Kainantu and Porgera Mines.\"We are thrilled to see Ontenu results as high as 8.82 g/t gold within a broad alteration halo, confirming the significance of this prospect that remains open in all directions,\" commented Cathy Fitzgerald, President and Chief Geologist. \"We are also highly encouraged by the continuity of gold mineralization found in Trench 1 assays, demonstrating excellent gold endowment potential that bodes well for future exploration efforts. These results, along with Ontenu's location at the southwestern end of the Kainantu Transfer Zone, make this a high-priority prospect for the Company. A comprehensive review of all historical and modern data for the Ontenu Prospect and broader area is underway, with the aim to fully characterize the scale and size of this mineralized...