Geopacific Resources Limited (ASX: GPR) – $0.033
28 Apr 2016
Geopacific Resources Limited (ASX: GPR) has intersected gold at Prospect 190 at the Kou Sa Project located in Cambodia (Figure 1).
Figure 1. Location of the Kou Sa Project
Drilling highlights include:
- 8.80 metres at 5.18g/t gold and 24.3g/t gold for 5.55g/t gold equivalent
The high grade gold mineralisation is within a broad zone of altered rocks that form a large, low grade gold and silver halo up to 50 metres wide. The proportion of gold relative to silver is expected to increase with depth. The gold-silver ratio from near surface mineralisation indicates that the initial drilling has intersected the upper portion of the system and the company expects improved gold grades as the system deepens.
Further drilling is planned at Prospect 190 to test for extensions to mineralisation up-dip, down-dip and plunge.
For further information, visit www.geopacific.com.au
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