Geopacific Resources Limited (ASX:GPR) Unlocks New Porphyry Cu-Au Potential on Woodlark Island
Exploration Highlights
Geopacific Resources Limited (ASX:GPR) has identified 14 untested porphyry copper-gold (Cu-Au) target environments on its Woodlark Gold Project in Papua New Guinea. Three of these targets are high priority and located near the Kulamadau, Busai, and Little Mackenzie gold deposits.
Independent Expert Review
An independent study by Dr Bruce Rohrlach, a leading porphyry specialist, revealed substantial untested deeper porphyry opportunities beneath the existing epithermal gold systems. Fieldwork to assess all 14 targets will be completed over the next six months as part of the current exploration program.
Next Steps
Geopacific will advance the high-priority targets towards drill-testing decisions. The program includes detailed alteration mapping, magnetic modelling, and prioritised target analysis to refine drill locations.
Executive Comments
CEO James Fox stated, “The positive review of deeper copper-gold porphyry potential near our core epithermal gold deposits is a major development for the Woodlark Gold Project. Our understanding of the mineralising system on Woodlark Island has been enhanced, hence significantly broadening our exploration horizon. The identification of multiple porphyry targets provides additional upside for copper-gold discoveries while supporting the continued expansion of our epithermal gold resources.”
“Most historic exploration has focused on near-surface epithermal systems which continue to provide exciting growth opportunities. Historic drilling at Woodlark is considered shallow with a mean depth of 125 m, with little exploration drilling at depth, or outside of the key epithermal gold deposits. This new work highlights the significant porphyry potential on our Woodlark tenement package and delivers a clear framework to pursue it systematically. The Company remains well-funded with the flexibility to advance any prospective target areas.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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