South Pacific Metals Corp. announced rock chip assay results from recently discovered mineralized zones, at surface, 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 Mining Ltd. Highlights: A 1m-2m (est) wide mineralised structure with sulphides and copper oxides was found in a newly discovered outcrop.
Six 1m representative rock chip (channel) samples were collected along the exposed strike of the structure. Assay results include individual rock chip samples with: 3.95g/t Au, 1.2% Cu and 603ppm Ag. 2.65g/t Au, 0.6% Cu, 337ppm Ag (repeat sample at same location as above) 2.18g/t Au, 0.,1% Cu, 100ppm Ag.u results in these six samples ranged from 1.14g/t Au to 3.95g/t Ag.
The outcrop is along strike of a >600m long Au-As soil anomaly. 7.69g/t Au in a 10 - 30cm wide vein in a sheared conglomerate outcrop. Minor visible gold was noted at the base of the outcrop.
9.34g/t Au, 272g/t Ag in a creek float rock sample. Ontenu NE is emerging as a potential epithermal Au-Cu target zone with: NW-SE and N-S structures similar to vein orientations at nearby K92 Mine. Several Au-As (+Cu) soil anomalies up to 1,200m long.
Mineralised structures as described above. Mapping and sampling are ongoing (some assays pending) Trenching and reconnaissance are also continuing on the wider Ontenu Project area prior to drilling. About the Osena Project.
Covering 738 km2 of strategic ground, the Osena Project is located southwest of and adjacent to K92's tenements that host the Kainantu Gold Mine. Priority prospects include Ontenu, a large-scale cluster of five intrusive Copper-Gold porphyry and epithermal vein targets extending over 5 km x 3 km. The Ontenu Prospect is one of many occurring within a mineralized corridor that extends more than 40 km northeast across the Kainantu District.
