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Geopacific looks to Woodlark expansion

Geopacific Resources has reported strong results from a resource growth strategy conducted at its Woodlark gold project.

Through the strategy, Geopacific was able to identify the potential to increase the existing 1.56 million ounce Woodlark mineral resources, with exploration vectors continuing to be refined.

“We are focused on the significant growth potential of the gold resource at Woodlark, and have been conducting further assessment of the integrated geological database informed by data from multiple previous owners of the project,” Geopacific chief executive officer James Fox said.

“The combination of recent and historic data has delivered a better understanding of the high-grade component of the Woodlark system and directed new fieldwork which has identified the potential for near-surface gold mineral resources at Great Northern, Wayai Creek, and Little MacKenzie along with several new targets with significant discovery potential.

“We will continue to advance these prospects and work towards delivering an updated project study mid-year to reflect the project de-risking outcomes and improved economics.”

Geopacific has established new mineral resource estimates at Great Northern and Wayai Creek, which are due for completion in June 2024.

These will then be followed by drill planning at Little MacKenzie where a mineralised surface footprint of up to 1km strike extent is supported by existing open drill intercepts

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