New Mineralized Zones At The Golkona South

VANCOUVER – South Pacific Metals Corp. announced the discovery of a new gold-copper mineralized zones at Golkona South, part of the Anga Project in Papua New Guinea. The Anga Project lies in the Kainantu District — a highly prospective gold-copper district in PNG.
Highlights — Golkona South: 1) 2.2 × 1.1 km gold in soil anomaly identified, with high soil assays (peak value 1080 ppb Au) the highest soil gold values reported on the Anga project to date. 2) Two zones of high copper (over 1000pm Cu) and silver (over 250 ppb Ag) in soil samples with peak results up to 3,397 ppm Cu and 2160 ppb Ag – within the broader gold in soil anomaly mentioned above. 3) Panned concentrate samples from streams draining Golkona South contain up to 282 ppm Au, indicating a local source. 4) The anomalous area is coincident with mobile MT conductivity features, which correlate with known deposits in the Kainantu region.
Geochemical sampling will continue at Golkona South, the adjacent Golkona prospect and the broader Anga tenement. Geological reconnaissance and mapping at Golkona South and Golkona prospect will help to understand the nature of the mineralisation and its prospectivity. This information, together with past geochemistry and geophysics, will be used to help define initial drill targets.
“We are very pleased with these latest soil geochemical results at Golkona South,” said Timo Jauristo, CEO. “The potential of Golkona South and the Anga tenements are highlighted by these results and their location along the northeasterly trend from K92’s large and growing Arakompa project. We look forward to continuing to advance this project, although our immediate priority is the imminent start of drilling to test the exciting epithermal vein targets at Ontenu NE.”