Papuan Precious Metals Corporation: Exploration of Au/Cu Porphyry Potential Commences

Papuan Precious Metals (TSXV:PAU,OTC:PAUFF) reports it has received the interpretation report for the New Hanover geophysical survey.

The press release is quoted as saying,

Coincidence of copper and gold values in outcrop with extensive zones of argillization and silica breccia alteration and a discrete magnetic anomaly, localized at the intersection of dominant through-going structures, is interpreted by the Company to represent a high priority target for Au/Cu porphyry mineralization. A program of grid based soil sampling is presently underway, and it is planned to drill test the Elang target at the conclusion of drilling at the Kuliuta gold prospect.

For the complete press release, click here.