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Kainantu Resources LTD. (KRL) – PNG Operating Subsidiary, Wholly Owned By SPMC
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May River Project

Untapped Gold-Copper Potential Proximal to Frieda River Deposit

EXPLORATION WITH SUBSTANTIAL MINERALIZATION POTENTIAL

Overview

Project

May River – Gold & Copper

Land Package

1,697 km²

Proximity

PanAust – Frieda River undeveloped copper-gold project

Stage

Exploration 

Acquired in 2023 and fully owned, the May River Project spans 1,697 km² of licenses adjacent to the tier-1 Frieda River Cu-Au Project in the East Sepik Province. The proximity to Frieda River, one of the world’s largest undeveloped copper-gold projects, enhances May River’s potential. This project is situated in a geological and structural setting similar to the Frieda River and near the northeast trending structure that also includes the OK Tedi mine. It features a 7 km north-northwest trending structural corridor with two drill-confirmed high-sulfidation gold occurrences.

Key Project Highlights

Prime Location

1,697 km² of strategic ground adjacent to the tier-1 Frieda River Cu-Au Project by PanAust in the East Sepik Province

Geological Richness

Geological and structural setting proximal to Frieda River, featuring a 7 km north-northwest trending structural corridor with confirmed high-sulfidation gold occurrences

Historical Drilling

Historical drilling intercepts include 109m of 1.53 g/t Au and 164m at 1.23 g/t Au

The May River project’s prime focus is the Mountain Gate Cu-Au Porphyry Complex, marked by four copper to gold mineralized occurrences along a 4 km north-northwest trending corridor. 2024 work plans include surface sampling, prospecting and mapping to refine prospects and investigate multiple targets identified by historical Highland Gold exploration efforts.

  • System is interpreted as an intact unit, featuring an auriferous lithocap with a potentially unroofed copper-porphyry intrusive below
  • Area infrastructure development to coincide with PanAust’s Special Mining License approval (application submitted)

May River structural and geological settings, along with exposed Au-Cu mineralization, identical to that at Frieda River. Occurrences are linked with large alteration zones and showcase diverse mineralization styles, ranging from copper-dominant intrusives with stockwork mineralization at lower elevations to high-sulfidation, intrusion-related gold mineralization at higher elevations.

Diorite porphyritic intrusive with hypogene chalcopyrite from Mtn Gate prospect
Diorite porphyritic intrusive with hypogene chalcopyrite from Mtn Gate prospect
Quartz vein breccia
Quartz vein breccia
Coarse alluvial gold recovered by local prospectors
Coarse alluvial gold recovered by local prospectors