Copper and Gold

Overview

Mayur is developing a highly prospective gold and copper exploration portfolio in Papua New Guinea with significant value uplift potential.

  • Proven geology and address – in the Pacific rim;
  • Compelling geology associated with porphyry systems, volcanic arcs and crater hosted mineralisation;
  • Three ELs in under-explored copper-gold provinces.

Feni Project

  • Island location with in the highly prospective Lihir volcanic arc situated between Lihir and Bouganville;
  • 650,000 Oz ‘peripheral gold cap(JORC Resource – Inferred). Also copper porphyry potential at Feni with the potential feeder system/source of the gold yet to be discovered;
  • Feni – Kabang project (EL 2096) offering ‘Lihir style’ gold potential;
  • Mayur believes thus far only the peripheral ‘halo’ style mineralisation has been drilled at Feni – 6 hole programme has been proposed to locate the feeder system.

Sidiea/Basilaki Project

  • Island location hosted within the famous Owen Stanley fold belt;
  • Multi-phase porphyry system, Cu & Au defined in two separate zones;
  • Historic exploration demonstrated highly prospective Cu & Au anomalies with exploration returning excellent results, including 16.25% Cu (up to 40 % Cu) and 3.92 g/t Au (up to 239 g/t Au) in rock chips. Currently exploration works are being undertaken on this EL under an exclusive arrangement with a large North American operator/developer.

Sitipu Project

  • A greenfield potential porphyry project 50km by road from Mount Hagen;
  • Located on the Owen Stanley fold belt that is home to world-class projects such as Wafi-Golpu, Frieda River and Porgera;
  • Mayur’s stream sediment sampling has returned anomalous gold and platinum results.
Historic drill core from Feni project (showing gold bearing fluidised hydrothermal breccia)
Copper staining and sericite-epidote alteration at Basilaki
Typical copper rock sample from Sidiea

Project Locations

The Company’s Copper Gold Projects (refer orange boxes) and other prominent projects in the region