Miner gets good rock sample data

PAPUAN Precious Me­tals last week reported that it received some promising assays for 101 rock samples that it collected from its Waria River prospect on the border of Morobe and Northern provinces.
The best of the results were 10.49% copper, 0.33 grams per tonne gold and 10.0 grams per tonne silver.
The company said the samples were collected during follow-up prospecting after an airborne geophysical survey discovered the Kode, Nosoboro and Jasawa Creek anomalies.
The best results were from the sample on the Nosoboro anomaly where it also returned 5.89% copper, 0.6g/t gold and 7.6g/g per tonne silver.
Meanwhile, sample from the Kode anomaly returned 2.13% copper, 0.67g/t gold and 33.9g/t silver while a sample from the Jasawa Creek anomaly found 2.11% copper, 0.18g/t gold and 5.6g/t silver. The company said 20% of all samples contained anomalous copper values higher than 0.1%.
The Waria River project is situated in the Central New Guinea Range, a prolific porphyry copper belt on the southern extension of PNG.
It comprised four exploration licences that cover a 750sqkm area. Papuan holds a 100% interest in two of the licences and a 50% interest in the other two licences.
In addition to its Waria River project, the Kelowna, the company had a copper prospect at New Hanover in New Ireland province and a nickel prospect at Doriri Creek, inland from Cape Rodney in Central province.