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The latest update is out from Kainantu Resources Ltd ( (TSE:SPMC) ).
South Pacific Metals Corp., a company involved in mineral exploration, has announced significant progress at its Ontenu Central Prospect within the Osena Project in Papua New Guinea. The company is preparing for a drill program by extending mineralization over 1km and conducting trenching and soil sampling. This development indicates a substantial mineralized footprint, with gold and copper anomalies covering a 3 x 5 km area, suggesting potential for high-sulphidation epithermal Au-Cu targets. The arrival and commissioning of a drill rig mark a pivotal step towards advancing exploration efforts, which could enhance the company’s positioning in the mineral exploration industry.
More about Kainantu Resources Ltd
Average Trading Volume: 47,950
Technical Sentiment Signal: Buy
Current Market Cap: C$31.11M
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