LCL Resources has reported high-grade gold and silver rock chips following exploration work at its Kusi project, part of the company’s Ono project in Papua New Guinea.
Results include exceptionally high assay values, highlighting strong mineralisation in a previously under-explored portion of the Kusi Corridor, showing opportunities to enhance the project’s broader precious and base metal potential.
Rock chip samples found to the southwest of Kusi have returned assay grades of up to 95.5 grams per tonne (g/t) gold, 1,885 g/t silver, 5.24 per cent lead and 4.75 per cent zinc.
Trench sampling at Ono returned 20m at 2.1 g/t gold, 3.1 g/t silver and 2.7m at 115.7 g/t silver, 8.95 per cent lead and 9.34 per cent zinc.
Field work included both prospecting and mapping, confirming the continuation of the Kusi Lower Limestone unit, which hosts over 800,000 ounces of gold.
Speaking on the positive exploration results, LCL Resources executive chairman Chris van Wijk said the company is entering an exciting phase.
“It unlocks a significant new areas for exploration, which has not previously been sampled, with targets both in the Lower Limestone itself and also targeting magnetic features at depth identified from the 3D inversion of magnetic data,” he said.
“In addition, our multi-element results demonstrate extremely high silver grades present at Ono which complement the prospectivity of the project.”
The Ono project sits on the same structure as both the Hidden Valley, owned solely by Harmony Gold, and Wafi-Golpu project – a joint venture between Newmont and Harmony in the Morobe Province of Papua New Guinea.
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