Vancouver – Two gold mineralized zones have been outlined by trenching and soil sampling on the Mt. Allemata gold, silver and platinum property in Papua New Guinea.
The property covers 243 square km and is owned 50-50 by Vangold Resources (VAN-V) and New Guinea Gold (NGG-V) following their acquisition of Kanon Resources late last year.
The Mt. Allemata property includes 13 prospects of which only the Uloulo and Mr. Haluba have been explored so far. Historic production is approximately 14,000 ounces gold and 6 kg platinum.
In the latest exploration, 131 samples of trenches and soils were collected from the Uloulo Project and 233 from the Haluba Prospect.
Recent soil sampling of the Uloulo Prospect outlined an anomalous area extending over at least 1.3 by 0.6 km which contains several, subparallel, anomalous zones up to 375 metres wide. The soil sampling encountered zones above 4 grams and wide zones of more than 1 gram gold.
Limited trenching at Uloulo, focused on confirming and extending the previously trenched, high-grade zone contained within an overall 4 metre wide zone averaging 18.7 grams gold. Repeat sampling of this zone gave 4 metres of 17.6 grams.
The highest grade (100 grams gold per tonne over 4 metres) was from a clay-silica zone in a trench dug 20 metres along strike from a 1.4 metre wide zone that averaged 71.9 grams gold (within the 4 metre wide zone of 18.7 grams gold) reported in March. This is in turn situated 5 metres along strike from a creek exposure containing 1.4 metres of 70.0 grams gold and 10 metres northeast of a trench containing 4 metres of 8.77 grams gold.
Plans for further exploration include excavator trenching to penetrate deep soils and colluvium, followed by drilling.
The Mt. Haluba prospect includes a series of northeast trending anomalous gold-in-soil zones which extend over an area of 2.2 by 1.2 km. The largest anomaly is 1.8 km long and up to 0.45 km wide.
New hand-trenching of the gold-in-soil anomaly gave trench intersections including 4 metres of 2.48 grams gold; 8 metres of 1.15 grams gold; 4 metres of 1.15 grams gold; 4 metres of 1.02 grams gold in one trench. As well, a 100 metre wide zone grading 1.36 grams gold, including 20 metres at 3.83 grams gold and 4 metres at 16.75 grams gold was unveiled.
The Mt. Haluba system is relatively unexplored and excavator trenching is planned to dig through the colluvium that prevents hand trenching.
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