High-grade find

EXPLORER PNG Gold Corporation has struck a 2.5m intersection grading 51.21 grams per tonne gold among the latest drilling results at its Imwauna project on Normanby Island.
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The standout find started from a depth of 194m.

Results from separate holes included a 4.75m intersection grading 4.46gpt gold from a 149m depth and a 3m intersection grading 3.61gpt gold from 60m down the hole.

The Toronto-listed explorer has drilled 45 diamond coreholes since January and assay results are pending from 52 holes.

Further drilling is planned with a rig being mobilised to test epithermal targets in exploration licence 1069.

Both this licence and PNG Gold's EL 1091 on the island were recently renewed for two years.


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