High-grade veining: PNG Gold

PNG Gold Corporation has struck a 1.4m intersection grading 32.1 grams per tonne gold at its Imwauna project on Normanby Island.
High-grade veining: PNG Gold High-grade veining: PNG Gold High-grade veining: PNG Gold High-grade veining: PNG Gold High-grade veining: PNG Gold

The intersection started from a depth of 150m, with the hole designed to test deeper extensions of the main vein system at the southern end of the deposit.

A separate hole encountered a new vein, landing a 2.4m intersection at 20.2gpt gold from just 45m below the surface.

Small intersections with high-grade results were found in three other holes, ranging from a 1m interval at 31.3gpt gold to a 0.6m intersection at 10gpt gold.

Two rigs are onsite to drill Imwauna and Kela vein targets while assay results remain pending for 12 holes of the 2011 program.

"As we have yet to drill the promising Kela's prospect, our excitement for the exploration potential of the Imwauna property continues," PNG Gold president and chief executive officer Dick Whittington said.

The gold and silver project on Normanby Island is located in the Milne Bay Province of eastern Papua New Guinea.

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