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An announcement from Kainantu Resources Ltd ( (TSE:SPMC) ) is now available.
South Pacific Metals Corp. has announced the discovery of a promising gold-copper surface mineralized system at its Ontenu NE target within the Osena Project in Papua New Guinea. The discovery includes high-grade surface rock samples with up to 10.3% copper and 1.7 g/t gold, indicating significant potential for further exploration. The company is preparing for a drilling campaign in June, aiming to capitalize on the mineralization’s proximity to the successful Kainantu gold mine. This development could enhance South Pacific Metals’ position in the mining sector and offer substantial opportunities for stakeholders.
More about Kainantu Resources Ltd
South Pacific Metals Corp. operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company’s flagship project is the Osena Project in Papua New Guinea, located near the prolific Kainantu gold mine.
Average Trading Volume: 26,194
Technical Sentiment Signal: Sell
Current Market Cap: C$20.22M
Find detailed analytics on SPMC stock on TipRanks’ Stock Analysis page.