Papuan Precious Metals Discovers New Gold-Copper Porphyry

Papuan Precious Metals Corp (TSXV:PAU) announced the results of the recent exploration program on the Metemana-Metekavil area within its New Hanover project in Papua New Guinea. A new copper/gold porphyry system has been identified in the Randei prospect area, and Papuan is currently awaiting the results of geochemical analysis.

As quoted in the press release, highlights included:

  • Gold-copper porphyry prospect identified by mapping and sampling over the 2km x 5km Randei prospect area and open to the coast.
  • 32 mineralized samples comprising both outcrop grab and 5m channel samples were collected.Copper mineralization in the form of covellite, chalcopyrite, bornite, chalcosite and malachite were observed in these samples.
  • 61 soil samples were collected over ridges and spurs at 50m spacing
  • Follow-up activity being considering includes a grid-based soil sampling program to define drill targets

Click here to read the Papuan Precious Metals Corp (TSXV:PAU) press release