TSX.V SPMC:
0.45
FSE 6J00:
0.32
Gold:
N/A
Copper: 
N/A
TSX.V SPMC:
0.45
FSE 6J00:
0.32

Anga Project

Priority Gold-Copper Project in the World-Class Kainantu Mineral District

POTENTIAL EXTENSION OF STRUCTURES HOSTING LODE-GOLD VEINS

Overview

Project

Gold & Copper

Land Package

461 km²

Proximity

K92 – Kainantu Gold Mine

Stage

Exploration 

South Pacific’s Anga Project is located immediately northeast adjacent to K92’s operating Kainantu Gold Mine, known for its gold, copper and silver outputs. Comprised of 461 km² of exploration licenses in the highly mineralized and prospective Kainantu District,  road accessibility significantly enhances logistical advantages for project development. Anga’s project boundary is only ~3 km from K92’s current drilling campaign (see K92 news release June 10, 2024) and hosts potential for the possible extension of K92-style gold lode veins.

Overview

Project

Gold & Copper

Land Package

461 km²

Proximity

K92 – Kainantu Gold Mine

Stage

Exploration

South Pacific’s Anga Project is located immediately northeast adjacent to K92’s operating Kainantu Gold Mine, known for its gold, copper and silver outputs. Comprised of 461 km² of exploration licenses in the highly mineralized and prospective Kainantu District,  road accessibility significantly enhances logistical advantages for project development. Anga’s project boundary is only ~3 km from K92’s current drilling campaign (see K92 news release June 10, 2024) and hosts potential for the possible extension of K92-style gold lode veins.

POTENTIAL TO HOST EXTENSION OF STRUCTURES HOSTING LODE-GOLD VEINS

Key Project Highlights

Potential for K92-Style Gold Lode Veins

N1 and N2 lie within key NE and NW trending structural corridors that host K92’s Au-Ag-Cu veins and porphyry occurrences

Prospects with Large Footprints

Situated only 10 km apart, N1 and N2 prospects exhibit extensive mineralization and alteration footprints up to 4×3 km suggesting significant discovery opportunity

Untapped Exploration Opportunities

Over two-thirds of the project area remains unexplored, providing a substantial scope for discovery

Results from historical and modern datasets have shown multiple Au and Cu mineralized prospects and targets. N1 and N2 priority prospects lie within key NE and NW trending structural corridors that host K92’s Au-Ag-Cu veins and porphyry occurrences. Additional surface sampling and exploration is planned for 2024.

N1 Prospect

  • Prospect lies to the NE along strike from possible extension of K92’s lode-gold mineralized Maniape and Arakompa veins. Similar host rocks, coincident Au-Te-Bi soil anomalies and 2.28 g/t Au rock sample.
  • Shows geophysical, surface alteration, and a structural setting that suggest an intact porphyry with a related high-level gold system
  • Significant gold-anomalous stream samples from historical regional exploration completed jointly by PNG-China (Chinese Geological Survey) in 2014
    • Involved sampling 776 samples over a broad portion of the Kainantu District.
    • Results illustrate a gold anomalous region of similar tenor to that of K92’s deposits that are currently being mined
    • This anomaly is on a topographic high and is not downstream runoff from Arakompa

N2 Prospect

  • N2 is a porphyry target chosen by Barrick in 2012 from geophysical data, further supported by MobileMT geophysical data acquired by SPMC in 2022 and requires follow up surface sampling and mapping

The area is characterized by the presence of Elandora and Akuna intrusives—igneous rocks that are associated with copper and gold mineralization. The project benefits from extensive historical and modern data, which are set to be reinterpreted using modern mineral systems approaches aligned with exploration models relevant to this region.