Geopacific eyes more growth at 1.67Moz Woodlark project

• Geopacific Resources’ latest assays continue to highlight the significant exploration and growth potential at its 1.67Moz Woodlark gold project in PNG
• Multiple new high-grade zones have been confirmed across the Kulumadau and Great Northern deposits, and the emerging Kamwak exploration prospect
• The reverse circulation rig and two diamond rigs will continue to target resource, infill and exploration drilling over the next 2-3 months

Special Report: Momentum is building at Geopacific Resources’ 1.67Moz Woodlark gold project, where the latest batch of assays has confirmed multiple high-grade zones and highlighted strong potential for continued resource expansion.

Among the standout results were intercepts of 5m at 2.16g/t gold from 185m, 6m at 2.43g/t from 208m and 9m at 3.88g/t from 145m from the Great Northern deposit. All point to the continuity of mineralisation at depth at the deposit.

A significant 20m at 2.09 g/t Au from 281m hit beneath the Kulumadau pit design suggests substantial room for resource growth, while the main lode remains open to the south with additional drilling planned.

Adding to the potential, the emerging discovery at Kamwak prospect delivered 2m at 8.67g/t Au from 86m adjacent to the 711,000oz Kulumadau deposit, with more assays expected in the next few weeks.

Geopacific (ASX:GPR) designed the current ~30,000m drill program at its flagship PNG project to target exploration, new resource delineation and resource development.

Confidence boost

“These results continue to reinforce the significant exploration and growth potential that remains at Woodlark,” CEO James Fox said.

“Our drill campaign is systematically testing extensions to the existing resource areas while advancing multiple new targets.

“With consistent results across several deposits and more assays due shortly, we are confident of delivering further resource growth beyond the current 1.67Moz base.”

Two diamond rigs and an RC rig are now operating across the Little MacKenzie prospect and Wayai Creek deposit as part of the well advanced exploration program.

More assays are expected in the coming weeks and drilling will continue over the next two to three months.

Geopacific has also been buoyed by an independent study released this year outlining Woodlark’s potential to host a porphyry-style mineralisation.

While porphyry deposits tend to have lower grades, their sheer size makes them a major source of gold, copper and silver.

With all key approvals in place at Woodlark, GPR is also gearing up to release its definitive feasibility study in the coming months.

Boosting its advance to production, mid-tier gold miner St Barbara (ASX:SBM) is now a strategic shareholder in GPR via a share swap with Patronus Resources (ASX:PTN).

St Barbara’s 14.4% interest adds significant local operating expertise as it operates the Simberi mine in PNG.

This article was developed in collaboration with Geopacific Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.