1,697 km² of strategic ground adjacent to the tier-1 Frieda River Cu-Au Project by PanAust in the East Sepik Province
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
Four mineralized occurrences along a 4 km north-northwest trending corridor, with 2024 work plans focused on surface sampling, prospecting, and mapping.
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 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.