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Kainantu Resources Ltd ( (TSE:SPMC) ) has issued an update.
South Pacific Metals Corp announced promising assay results from newly discovered mineralized zones at the Ontenu NE prospect within its Osena Project. The findings, which include high-grade gold, copper, and silver, suggest potential for epithermal Au-Cu veins, positioning Ontenu NE as a significant exploration target. These results will guide future drilling plans, potentially enhancing the company’s standing in the Kainantu Gold District.
More about Kainantu Resources Ltd
South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea’s gold and copper production corridors. With a 3,100 km² land package, the company focuses on exploration projects like Anga, Osena, Kili Teke, and May River, situated near major producers such as K92 Mining and PanAust.
Average Trading Volume: 110,123
Technical Sentiment Signal: Buy
Current Market Cap: C$40.96M
For an in-depth examination of SPMC stock, go to TipRanks’ Overview page.