Discovery of the High-Grade Gold Link Zone at Wafi, PNG

摘要

Siliceous float sampled in the Wafi River by CRA Exploration in 1997 assayed 22 g/t Au and 89 g/t Ag. Follow up in 1979 led to the discovery of outcropping mineralisation now known as Zone A. Soil sampling in 1980 and 1982 outlined a 350 m by 400 m area of >1 g/t Au at ZOne A and smaller areas at Zones B, Cand D. Thirty-oen diamond holes were drilled between 1983 and 1986. Elders Resources continued evaluation of Zone A under a farming agreement between 1986. Elders Resources continued evaluation of Zone A under a farming agreement between 1988 by drilling conceptual targets 500 m to the NE of Zone A. Evaluation of this copper-gold porphyry became the main focus of exploration for the next five eyars and a substantial resource was outlined within a single, discrete body.