Highlands Pacific reveals exciting Star Mountain findings

HIGHLANDS Pacific has declared maiden mineral resource at its Star Mountains exploration project in Western.
The company said the region was one of Papua New Guinea’s most exciting and prospective exploration areas.
It noted in a statement that using a 0.3 per cent copper cut-off grade, the deposit is estimated to contain 210 million tonnes grading 0.4 per cent copper, for 840,000 tonnes of contained copper and 2.9 moz contained gold.
Highlands Pacific commissioned independent consulting geologists H&S Consultants Pty Ltd to complete a resource estimate for the Olgal copper-gold deposit.
The estimate is based on data and assays from 23 diamond core drill holes at the prospect for a total of 8949 metres.
The holes had been drilled since the mineralisation was discovered by Kennecott in 1972.
Exploration efforts intensified over the past few years as Highlands Pacific and its former joint venture partner, Anglo American plc, conducted drilling campaigns at Olgal and other Star Mountains prospects. Highlands Pacific chief executive Craig Lennon said the declaration of an Inferred Mineral Resource at Olgal was a huge advance for the Star Mountains project.
“This elevates the project to a new level and adds considerable value to the exploration package,” he said.
“Beyond Olgal there is clearly great prospectivity, with drilling in other locations within the Star Mountains tenements frequently identifying wide intercepts of high grade mineralisation.
“Our plan is to introduce a new joint venture partner to work with us to build on this maiden Olgal Inferred Mineral Resource and continue to investigate other prospects.