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Untapped Gold-Copper Potential
Proximal to Frieda River Deposit

May River Project

Overview

Exploration with substantial mineralization potential

  • May River is located in the East Sepik Province of Papua New Guinea, adjacent to the tier-1 Frieda River Cu-Au Project.
  • 1,697 km² land package in a highly prospective geological and structural setting.
    Proximal to PanAust’s undeveloped Frieda River copper-gold project.
  • Exploration-stage project with two drill-confirmed high-sulfidation gold occurrences.
    A 7 km north-northwest trending structural corridor with significant mineralization.
  • Geology and structural setting similar to Frieda River, positioned near the northeast-trending structure that also hosts the OK Tedi mine.
  • 100% owned, acquired in 2023.

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

Current Exploration

Mountain Gate Cu-Au Porphyry Complex

Four mineralized occurrences along a 4 km north-northwest trending corridor, with 2024 work plans focused on surface sampling, prospecting, and mapping.

 

Intact Mineral System

System is interpreted as an intact unit, featuring an auriferous lithocap with a potentially unroofed copper-porphyry intrusive below

Infrastructure Synergies

Area infrastructure development to coincide with PanAust’s Special Mining License approval (application submitted)

Geology, Alteration and Mineralization

Geological History

May River shares structural and geological characteristics with the Frieda River Cu-Au system, with mineralization controlled by major fault zones and extensive alteration corridors.

Dominated by diorite porphyritic intrusives with hypogene chalcopyrite, quartz vein breccias, and widespread hydrothermal alteration.

Copper-dominant stockwork intrusives at lower elevations and high-sulfidation gold systems at higher elevations, with local recovery of coarse alluvial gold.

Maps & Figures

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