Australia-listed Geopacific Resources announced yesterday it had made a second gold discovery in the Prospect 181 area of the Kou Sa project in the northern Preah Vihear province.
The discovery in the Chep district near the Laos border came about three months after the first discovery in January.
“The board of Geopacific Resources Ltd (Geopacific) is pleased to provide results on the gold and silver discovery at Prospect 118 of the Kou Sa project in Cambodia,” the company said.
“This is the second discovery this year, resulting from the completing drilling programme with the drilling target defined from soil sampling and trenching programmes.”
The company said the recent scout diamond drilling of anomalous gold and silver zones identified in 2017 trenching has intersected zones of high-grade epithermal-style, gold-silver mineralisation over a strike length of more than 150 metres.
These results further confirmed the prospect of the Kou Sa project for precious and base metal mineralisation, with much of licence area still untested by drilling, it added.
Managing director Ron Heeks said the prospectivity of the Kou Sa project had been greatly enhanced by this new, large epithermal gold discovery.
“This is the second discovery from the small drill programme that was recently completed,” he said.
“In both recent discoveries, the wide zones of quartz indicate that a large fluid movement has deposited the mineralisation and this can only be driven by a significantly sized source.
“This is consistent with results across the project, all of which indicates a significant engine driving the deposition of mineralisation,” Mr Heeks said.
“The results from this drilling indicate that we have probably encountered an outflow zone of an epithermal system and that the main zone may be located nearby.
“The use of IP geophysics to develop drilling targets has worked successfully in other areas of the project and is expected to assist in targeting the core of the mineralisation in the areas of these two discoveries,” he added.
