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    Papuan Precious Metals Discovers New Gold-Copper Porphyry

    Teresa Matich
    Jun. 16, 2014 03:00PM PST
    Base Metals Investing

    Papuan Precious Metals Corp (TSXV:PAU) announced the results of the recent exploration program on the Metemana-Metekavil area within its New Hanover project in Papua New Guinea. A new copper/gold porphyry system has been identified in the Randei prospect area, and Papuan is currently awaiting the results of geochemical analysis.

    Papuan Precious Metals Corp (TSXV:PAU) announced the results of the recent exploration program on the Metemana-Metekavil area within its New Hanover project in Papua New Guinea. A new copper/gold porphyry system has been identified in the Randei prospect area, and Papuan is currently awaiting the results of geochemical analysis.

    As quoted in the press release, highlights included:

    • Gold-copper porphyry prospect identified by mapping and sampling over the 2km x 5km Randei prospect area and open to the coast.
    • 32 mineralized samples comprising both outcrop grab and 5m channel samples were collected.Copper mineralization in the form of covellite, chalcopyrite, bornite, chalcosite and malachite were observed in these samples.
    • 61 soil samples were collected over ridges and spurs at 50m spacing
    • Follow-up activity being considering includes a grid-based soil sampling program to define drill targets

    Click here to read the Papuan Precious Metals Corp (TSXV:PAU) press release

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