Resource Growth Potential Grows as Woodlark Gold Zones Remain Open
Geopacific Resources has reported compelling new gold assay results from its Woodlark Gold Project, confirming multiple high-grade zones and a promising new discovery at Kamwak. The ongoing drilling campaign signals significant resource growth potential in Papua New Guinea.
- Multiple high-grade gold intercepts confirmed at Great Northern and Kulumadau deposits
- Significant 20 m @ 2.09 g/t Au intercept beneath Kulumadau pit design
- New high-grade discovery at Kamwak prospect with 2 m @ 8.67 g/t Au
- Resource remains open for expansion with further assays pending
- Drilling campaign to continue over next 2-3 months targeting resource growth and exploration
Strong Assay Results Reinforce Woodlark's Potential
Geopacific Resources Limited (ASX, GPR) has released further encouraging gold assay results from its 1.67 million ounce Woodlark Gold Project in Papua New Guinea. The latest drilling campaign has confirmed multiple high-grade gold zones at the Great Northern and Kulumadau deposits, with standout intercepts including 9 meters at 3.88 grams per tonne (g/t) gold and 20 meters at 2.09 g/t gold beneath the current Kulumadau pit design.
These results underscore the project's robust mineralisation and suggest significant upside potential as the mineralised zones remain open along strike and at depth. The 20-meter intercept beneath the Kulumadau pit is particularly notable, indicating potential for resource growth beyond existing mine plans.
Discovery at Kamwak Adds New Dimension
Adding to the excitement, Geopacific has reported a new high-grade gold discovery at the Kamwak exploration prospect, adjacent to the 711,000-ounce Kulumadau deposit. A narrow but rich intercept of 2 meters at 8.67 g/t gold was recorded, highlighting Kamwak as a promising new target area. This discovery could expand the resource footprint and contribute to the overall project value.
Kamwak's mineralisation is associated with favourable geological structures and hydrothermal alteration, supported by geophysical anomalies. Follow-up diamond drilling is underway to better define this emerging zone.
Ongoing Drilling Campaign Focused on Growth
The current drill program, comprising 37 reverse circulation and diamond holes totaling approximately 4,865 meters, is well advanced. It targets resource development, infill drilling, and exploration across key areas including Great Northern, Kulumadau, Little MacKenzie, and Wayai Creek. The campaign is expected to continue over the next two to three months, with further assay results anticipated to provide additional clarity on resource extensions and new discoveries.
Geopacific’s CEO James Fox expressed confidence in the project’s growth trajectory, emphasizing the systematic approach to testing extensions of existing deposits and new targets. The company is focused on delivering consistent resource growth beyond the current 1.67 million ounce base.
Strategic Implications for Investors
The Woodlark Gold Project remains a significant asset in Geopacific’s portfolio, with a total mineral resource of 48.3 million tonnes at 1.07 g/t gold for 1.67 million ounces. The recent drilling results reinforce the potential to increase this resource base, which could translate into enhanced project economics and longer mine life.
Investors should watch closely for upcoming assay releases and drilling updates, which will be critical in assessing the scale and quality of resource growth. The new discovery at Kamwak adds an intriguing exploration upside that could materially impact the project’s valuation.
Bottom Line?
Woodlark’s expanding high-grade zones and new discoveries position Geopacific for a compelling next phase of resource growth.
Questions in the middle?
- How will pending assay results influence the overall resource upgrade at Woodlark?
- What is the potential scale and grade continuity of the new Kamwak discovery?
- Could the deeper mineralisation beneath Kulumadau lead to a redesign of the current pit plan?
