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Highlands' Kainantu project shows early promise

DIAMOND drilling at Highlands Pacific Limited's Kainantu Gold Project in Papua New Guinea produce...

MiningNews.Net

Drilling at shallow depths found high-grade intersections of 5m at 92.3grams per tonne, 2m at 227.7gpt, 5m at 12.7gpt and 2m at 25.3gpt gold.

These are the first results from a 6000m drilling program on the Kainantu Gold Project’s Irumafimpa prospect, which contains continuous high-grade gold mineralisation over a 1100m strike length that remains open in all directions.

The Kainantu Gold Project covers 261sq.km of a known goldfield in the Eastern Highlands of PNG.

In June 1999, Highlands established a joint venture with Nippon Mining and Metals of Japan, which allows Nippon to acquire a 50% stake in Kainantu by sole funding US$3.5 million of expenditure.

Irumafimpa currently has an inferred resource estimate of 1.84 million tones at 30.1gpt gold.

 

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