More Mineralized Structures Discovered At Ontenu NE

VANCOUVER – South Pacific Metals Corp. reported on the discoveries of mineralized structures, at the Ontenu NE prospect within its Osena Project. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 More mineralised structures similar to, and south of, the newly discovered zone reported several narrow structures within a wider structural zone, assays include: 1) 13.9g/t Au & 388g/t Ag. 2) 3.68g/t Au, 302g/t Ag. Another new structure (0.3m to 0.5m wide breccia/vein zone), assays include 3.36g/t Au, 302g/t Ag.

11 other samples along these and other structures returned assays between 0.1-1g/t Au (and up to 184g/t Ag and 0.26% Cu. These new northwest trending structures are south of, and expand, the zone previously reported that returned the following results: 1) 3.95g/t Au, 1.2% Cu and 603g/t Ag. 2) 2.65g/t Au, 0.6% Cu, 337g/t Ag. 3) 2.18g/t Au, 0.1% Cu, 100g/t Ag.

Ontenu NE now has multiple epithermal Au-Cu targets with: 1) At least 6 identified mineralized structures mapped out over several hundred metres. 2) With coincident As-Au-(Cu) soil anomalies up to 1200m long. 3) NW-SE and N-S structures, host rocks and geologic setting and geochemical association similar to the high-grade veins currently being mined and explored at the nearby K92 Mine.

Mapping and sampling are ongoing (further assays pending). Drill planning to test these targets is underway. Trenching and reconnaissance continuing on the wider Ontenu Project area as well as the Anga Project. 

“We are pleased by the continuing discovery of more of these mineralised structures. We believe these structures could represent the upper levels of deeper, higher grade epithermal Au-Cu veins.” said Timo Jauristo, CEO of the Company. “Our drill planning is well underway and we are geared up to start drill testing these targets in the coming month. We are excited to start drilling the first holes to test these targets.”