Sign up
Mining Capital

Papua Mining hits significant sulphidation at Double Event

Assays will show whether or not the rock contains mineralisation
Prospecting at Lighthouse

Papua Mining PLC (LON: PML) has completed its first phase of reverse circulation drilling at the Double Event prospect, part of the Lighthouse gold project in Queensland, Australia.

All drill holes intersected narrow quartz veins of between one and two metres in width, and some drill holes hit several such veins.

WATCH: Rockfire Resources' David Price discusses positive Double Event drill results

What’s more, all holes intersected at least one vein with varying amounts of visible, fresh sulphides including pyrite, arsenopyrite, galena and chalcopyrite. Galena is a host ore for lead, whilst chalcopyrite is a host ore for copper.

Assays are pending for all 14 holes drilled.

"We are pleased to have our first drilling campaign at Double Event completed in scheduled time and within budget,” said chief executive David Price.

“It is particularly encouraging that each hole intersected sulphides, as well as quartz veining within the top 35 metres from surface, with many veins occurring within the top 25 metres. We will be informing the market as results are received from the laboratory."



Why Invest In Rockfire Resources PLC? Read More Here

Register here to be notified of future ROCK Company articles
View full ROCK profile View Profile
View All

Related Articles

© mining Capital 2019

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.