Geopacific Resources (ASX:GPR) (OTCMKTS:GPACF) is developing the 1.6Moz Au Woodlark gold project in Papua New Guinea, where a Definitive Feasibility Study is due to be released during the current quarter. Managing Director Ron Heeks provided an update on the projects development, recent exploration activities as well as a change in the projects ownership.
Geopacific Resources Ltd
Geopacific Resources Ltd (ASX:GPR) has been listed on the Australian Stock Exchange (ASX) since 2006. The Company's initial activities were on its tenement holdings in Fiji where its exploration activities have identified several highly prospective project areas.
When Geopacific merged with World Wide Mining in 2013 the Company became a regional explorer with an Asia-Pacific-focus – adding the Kou Sa Project in Cambodia to its existing Fijian Projects. Economic conditions then led the Company to adopt a single-project strategy, focussed on Kou Sa. The experience of Geopacific's Board and Senior Management Team equips the Company with the capability and capacity to run projects concurrently – exploration at the Fijian Projects will therefore recommence while work at Kou Sa continues.
Geopacific Resources (ASX:GPR) (OTCMKTS:GPACF) is developing the Woorlark gold project in Papua New Guinea. The company released a positive PFS for the project earlier this year which outlined the Woodlark Project is a robust, low-cost, low stripping ratio, open pit gold project that can deliver an average of 100Koz Au per annum over an initial 10 year mine life.
We recently interviewed Geopacific Resources (ASX:GPR) (OTCMKTS:GPACF) for an update on their Woodlark Gold Project in Papua New Guinea. Topics discussed included.
Geopacific Resources Ltd (ASX:GPR) (OTCMKTS:GPACF) are developing the Woodlark Gold Project in the archipelago nation of Papua New Guinea. Woodlark is an advanced gold development asset with a reserve of just under 800koz and a resource of 2.1Moz of gold. It remains highly prospective for further growth on both accounts with a three rig drill program underway.
FINANCE VIDEO: Geopacific Resources Ltd (ASX:GPR) Kou Sa Site Trip; Woodlark Island Gold Project Acquisition
Geopacific Resources (ASX:GPR) is a gold/copper development company with a portfolio of assets in the Asia-Pacific region (PNG, Cambodia & Fiji).
Geopacific Resources NL (ASX:GPR) is pleased to announce that assays from trenching and costeaning completed last month at the Faddy's Gold Deposit, south of Nadi, Viti Levu, Fiji include 'bonanza' high-grade gold ranging up to 233g/t Au (7.5 oz/t) in one-metre sampled intervals.
Geopacific Resources NL (ASX:GPR) Bonanza gold grades intersected at the Faddy's Gold Deposit in Fiji
Geopacific Resources NL (ASX:GPR) is pleased to announce that assays from diamond drilling completed last month at the Faddy's Gold Deposit, south of Nadi, Viti Levu, Fiji include 'bonanza' high-grade, nearsurface gold ranging up to 138.3g/t gold (4.46 ounces/t Au) in 0.5m sample intervals of whole drill core.