May River – Gold & Copper
1,697 km²
PanAust – Frieda River undeveloped copper-gold project
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 Eastern Highlands. 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.
1,697 km²
PanAust – Frieda River undeveloped copper-gold project
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 Eastern Highlands. 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.
1,697 km² of strategic ground adjacent to the tier-1 Frieda River Cu-Au Project by PanAust in the Eastern Highlands
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 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.
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.
