Located in Kainantu regional Eastern Highlands province. Sealed road for Lae to Kainantu and network of roads
Recent geophysical survey reveals new targets generated by a new high-tech magneto-tellurics airborne geophysical survey.
Potential for Tier 1 porphyry related Cu-Au deposits at Mt. Victor, Ebitara & P2 Prospects.
Sabundia Hill, Onga Hill & Elandora prospects with potential for high grade Au deposits similar to Kora deposit of K92 Mining & Porgera-style intrusion-related gold deposits.
Mt Victor Drill Ready Targets
Historic drilling indicate that Mt Victor is a multi-phase intrusion complex with Cu-Au porphyry, skarn & epithermal mineralization
Channel Sampling on New Targets near Mt Victor
Site (1) 38m @ 2.6g/t Au - 9,291,352 m/N *
Site (2) 12m @ 5.5g/t Au - 9,291,425 m/N *
Site (2) 18m @ 2.4g/t Au - 9,291,432 m/N *
Site (2) 10m @ 3.7g/t Au - 9,291,254 m/N *
* See map for locations
Historic shallow drillholes of the 1980's were all vertical mainly targeting the flat skarn type mineralization of Mt Victor Au deposit. Drilling would not have been appropriate for the subvertical fault/vein zones.
SIROTEM geophysical survey indicates NE trending structurally controlled sulphide&oxide gossan mineralization as well as broader intrusion related mineralization.
Mt Victor geological cross section
Potential for porphyry Au deposit at Mt. Victor target. Drill Target