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

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 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.

Overview

Project

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 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.

EXPLORATION WITH SUBSTANTIAL MINERALIZATION POTENTIAL

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 Eastern Highlands

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.