THE PAPUA NEW GUINEA - BRAZIL gold explorer Gold Anomaly Ltd believes it has a series of mineralised zones at its Crater Mountain prospect in the Highlands about 50 kilometres south west of Goroka.
The company said it has potential for "multiple major mineralisation events" at Crater Mountain where gold has been picked up at below 1,000 metres.
Gold Anomaly said strong metal and silver mineralisation were also identified, although at depth where the gold grades diminished.
Peter Macnab, one of PNG's best known mine finders, who is Gold Anomaly's exploration director, commented: "The extent of the mineralisation and alteration confirms our belief that the mineralisation system is very extensive, and we are making significant steps in our understanding of the geology of this prospect which will aid us with our future drilling programs."
He said the mineralising system was similar to prototype porphyry copper and copper-gold systems seen around the world.
Source: Mine Web / Ross Louthean