Business
Update on Kainantu Resources Exploration Strategy at KRL South
Update on Kainantu Resources Exploration Strategy at KRL South Canada NewsWire ...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"\n \n \n \n Update on Kainantu Resources Exploration Strategy at KRL South\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 9, 2021\n \n /CNW/ - Kainantu Resources Ltd. (TSXV: KRL) (\"KRL\" or the \"Company\"), the\n \n Asia-Pacific\n \n focused gold mining company, is pleased to provide an update on its exploration strategy at KRL South, one of the Company's core projects located in the highly prospective Kainantu region, Papua New Guinea.\n \n \n \n Highlights\n \n \n \n \n Ongoing work continues to support the expectation that KRL South is a high-quality exploration target, in close proximity to existing miners and located in the Kainantu mining district;\n \n \n \n \n Exploration at KRL South continues to indicate the prospect of multiple epithermal, skarn and porphyry systems;\n \n \n \n \n Ring features can be observed in KRL South, associated with shallow-buried to emergent mineralising igneous complexes especially apparent on or about the rim of Tirokave and Tebeo Rings;\n \n \n \n \n A focused multi-element ridge-and-spur auger soil sampling programme (>2,000 samples to date) is near completion with approximately 54 line-km sampled so far; and\n \n \n \n \n Building on KRL's exploration strategy, targets for further focus are expected to emerge from the ridge-and-spur soil study, to be reported in coming weeks. Ongoing sampling is extremely encouraging.\n \n \n \n \n Background\n \n \n \n Centred approximately 25 km SW of Kainantu town, KRL South is 596.75 km\n \n ²\n \n in size and comprises four tenements: EL 2559, EL 2650, EL 2660 and EL 2652.  Further particulars are contained in the Company's announcement of\n \n March 24, 2021\n \n and below in Figure 1.\n \n \n Tirokave River passes through the centre of KRL South, being a major tributary to the Upper Ramu system.  Historically, substantial alluvial gold mining has occurred in the Ramu River catchment, primarily with a large proportion deriving from both active drainages and upraised terraces around the Tiro...