Widespread gold found beyond proposed Sorowar pit

Vancouver – Reverse circulation drilling by newly evolved junior gold explorer, Simberi Gold (SAU-V), has intersected high gold grades from the surface of its Sorowar deposit in Papau New Guinea. Many of the significant gold intercepts were from holes outside the current pit design.

The Sorwar gold deposit, which is one of seven oxide gold deposits on Simberi Island, is situated some 80 km northwest of Lihir Island in eastern Papua New Guinea. The project’s mining lease is held within a 50:50 joint venture between Nord Pacific.

Since July, 52 holes infill and step-out reverse circulation holes (4,300 metres) were drilled into the oxide zone to test the strike extensions on the flanks of the gold resource and the extent of the high-grade feeder zones within the deposit.

Recent drill highlights from the eleven holes released so far include, from surface to the end of the hole:

• Hole RC-881 1.4 grams gold over 101 metres,
• Hole RC-886 120 grams gold over 1.73 metres,
• Hole RC-887 2.1 grams gold over 100 metres,
• Hole RC-888 4.06 grams gold over 100 metres.

Hole RC-884 to 887 were drilled within the southern portion of the proposed open pit with Holes RC-86 and -87 being very near the edge. RC-888, drilled outside and west of the southern portion of the proposed pit intersected an oxidized envelope over its entire length.