Geopacfic Resources identifies new Cambodia mineralised zone
THE DRILL SERGEANT: Geopacific Resources (ASX: GPR) released results from the first of two drill holes being carried out south of Prospect 190 at the company’s 85 per cent-interest Kou-Sa copper-gold project in Cambodia.
The company said that from hole KDH085 it has identified multiple zones of copper and silver mineralisation.
Geopacific used Induced Polarisation (IP) geophysics to identify the drill targets, which comprise two 600 metre long chargeability anomalies.
The company claims its use of IP Geophysics and geochemistry enabled it to consistently and accurately identify drill targets that yield impressive results.
It backed that statement up with stats of over 80 per cent of the drill holes at the Kou Sa project exhibiting mineralisation.
“Once again we have gone to an entirely new area identified from IP geophysics and have hit mineralisation in the very first hole,” Geopacific Resources managing director Ron Heeks said in the company’s announcement to the Australian Securities Exchange.
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Source: Company announcement
“The second hole drilled in the parallel zone to the south is also expected to confirm copper and silver mineralisation.
“The upside of this project is increasing rapidly and I look forward to the results from further drilling in these areas.
“The results continue to prove the effectiveness of IP geophysics at identifying new zones of mineralisation within the Kou Sa project.”
Geopacific indicated it is yet to test the area between the chargeability anomalies of Prospect 190 and Prospect 128 by IP geophysics, and as such anomalies on the edge of both surveys not fully defined.
The company has scheduled follow-up IP geophysics in this area to establish the extent of the current chargeability trend that stretches from Prospect 160 in the west to Prospect 128 in the east.
A number of anomalies, mainly around the Prospect 128 area, are currently being drilled.
Email: info@geopacific.com.au
Website: www.geopacific.com.au