Geopacific Resources Limited (ASX:GPR) Announces High-Grade Auger Sampling Results
Sampling Results
Geopacific Resources Limited (ASX:GPR) reported surface auger sampling at Wayai Creek SSW and Little MacKenzie, yielding multiple zones grading over 1.0 g/t Au with assays up to 63.6 g/t Au.
Project Development
The results extend surface mineralisation at both prospects, each with a strike extent exceeding 1 km. Trenching is in progress to refine drilling targets ahead of a 30,000 metre RC and diamond drilling program commencing in June 2025.
Future Plans
The exploration drill program aims to extend known gold mineralisation and test new targets to increase Mineral Resources.
Executive Comments
CEO James Fox stated, “These results confirm the strong prospectivity of the Woodlark King area, with high-grade auger results and extensive surface anomalies extending known mineralisation. The Little MacKenzie and Wayai Creek targets are shaping up as compelling additions to our pipeline and with a major 30,000 metre drill program set to commence this month, we are excited by the potential to build on our 1.67 Moz resource base.”
Motley Fool contributor Lianne Eastty 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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