• GPAC:TSXV
  • FSXLF: OTC
  • V3H: GER

Projects

Projects

Kesar/Arau

Location/Access

Located in the Eastern Highlands province of Papua New Guinea, Kesar and Arau are contiguous with K92 Mining’s Kainantu/Kora Au mine 2.6 Moz @ 10.2 g/t AuEq (measured and indicted) and 4.7 Moz @ 8.6 g/t AuEq (Inferred) and located along strike and northwest of the Newcrest Mining/Harmony Mining Joint Venture Wafi-Golpu Cu-Au mine.

History/Stage of Exploration

Early- to mid-stage exploration: Previous work includes soil and rock-chip sampling at Kesar and Arau. Mt Victor saw limited, shallow drilling in the 1980’s.

Figure 1: Location of the Kesar and Arau projects contiguous with the K92 gold mine
  • Comprises two land packages situated NW (Kesar) and SE (Arau) of the Kainantu/Kora gold mine.
  • Kesar: Multiple epithermal-Au-Ag (Cu-Pb-Zn) veins are along strike of and have the same orientation as K92’s Kora Au veins. Potential for Au-Cu porphyry mineralization below and adjacent to the epithermal zones.
  • Arau: Potential for porphyry, skarn and epithermal-style mineralization including at Mt Victor where shallow drilling targeted and intersected skarn-type mineralization.
  • Recent channel sampling at Mt Victor (Arau) returned high-grade Au mineralization over 10’s of metres, including 38m @ 2.6 g/t gold and 12m @ 5.5 g/t gold.

Exploration Strategy

Soil sampling and RC drilling programs at Kesar and Arau respectfully have just been completed and results are pending. Results will be analysed, and a follow-up program delineated. Kesar will be the company’s focus for the remainder of 2024.

Figure 2: Kesar, located along the same structural corridor as the K92 mine to the NW, and major targets
Figure 3: Mt Victor within the Arau, located along the same structural corridor as the K92 mine to the SE

On Strike From K92s Kora Vein Set

  • Kesar is located 10kms from the successful K92 gold mine.
  • High Au (Cu, Ag) values from historical rock samples with anomalous Pb, Zn, Mo, Bi, W & Te.
Sample
ID		 Sample
Type		 East
WGS84S		 North
WGS84S		 Au
ppm		 Ag
ppm		 Cu
ppm		 Pb
ppm		 Zn
ppm
A14023
Outcrop
368668
9324538
30.40
240
1300
66000
47500
A11159
Trench
367423
9324610
13.50
54
250
14500
1800
A11178
Outcrop
368152
9324705
11.70
120
1800
52000
7400
14236
Rock chip
368499
9324615
11.60
29
360
560
370
A11185
Outcrop
367976
9324780
11.20
200
6300
49000
38000
RF9231
Float
366135
9327800
10.60
58
500
4000
280
A11052
Rock chip
368451
9325472
9.50
100
750
35000
11000
A11181
Outcrop
368083
9324771
9.20
88
2200
44000
42000
A11131
Rock chip
367615
9325107
8.58
220
480
2200
5200

Table 1 – Significant high grade gold samples from Kesar Creek.

Focused Gold and Copper Resource Development

  • TSXV: GPAC
  • OTC: FSXLF
  • GER: V3H

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