EXPLORATION Company Coppermoly reported high grade copper results in surface float samples at Nakru on New Britain Island.
High grade copper in preliminary assays from rock float samples collected at the Nakru 2 Northwest and Nakru 4 prospects were reported at the company’s EL 1043 exploration licence.
In a statement, Coppermoly said it is planning a detailed surface mapping and sampling program to determine the full extent of the mineralised system at Nakru.
Sample results further extend the potential of the Nakru prospect to host a significant copper and gold deposit, the company said.
In February 15 rock float samples were collected at the Nakru 2 Northwest and Nakru 4 prospects which are located between 500 metres to 1,000 metres northwest from known mineralisation at Nakru 2 and Nakru 1 prospects.
Confirming previously reported high grade float samples in the area, the three samples from Nakru 2 Northwest each assayed more than two per cent copper (Cu) and together with highly anomalous gold (Au), silver (Ag), zinc (Zn) and molybdenum (Mo).
Coppermoly said the samples may indicate a new parallel mineralised zone north west of Nakru 2.
Six of the 12 float samples collected from the Nakru 4 prospect assayed greater than 1% copper with two more than 2% copper, the company said these samples may indicate a new parallel mineralised zone to the north of Nakru 1.
Samples with copper assays of more than 2% are being reanalysed at Intertek Genalysis Townsville, Australia using an ore grade method.
All of the samples with elevated copper contain sulphides with little or no oxidation, the company reported.