en.Wedoany.com Reported - Pacific Resources (ASX: PXR) has obtained results of up to 2.41 g/t gold from sampling at the Coupon prospect within the Sulphide Creek gold-antimony project in Tasmania.
In a previously unrecorded adit, the company collected 12 continuous one-meter channel samples along the south wall between 20 and 30 meters along strike, with the eighth and ninth samples returning gold grades of 2.41 g/t and 2.30 g/t, respectively.
These results confirm a coherent mineralized zone over approximately 12 meters along strike, with peak gold values occurring in a west-dipping fault structure.
Multi-element analysis shows a positive correlation between gold, arsenic, and antimony, with peak arsenic grades reaching 2,470 ppm, and copper values recorded in multiple samples.
CEO Andrew Fogg stated that the company is highly encouraged by the sampling results from ongoing field work at the Sulphide Creek project, which reaffirm the commitment to the Coupon prospect as a priority gold-copper target and add validation to the exploration model for this target.
The Coupon prospect is located within the Ordovician Wurawina Supergroup, which consists of sandstone, siltstone, and shale. Reconnaissance mapping has identified an extensive alteration corridor over 0.5 kilometers wide around the prospect.
Pacific Resources plans to integrate the new results with underground mapping and historical drilling data into a 3D geological model to optimize drill targets. The prospect is scheduled for its first diamond drilling program, while the company is also evaluating geophysical survey methods to enhance target definition along the broader Sulphide Creek corridor.
The Sulphide Creek project is located in the Queenstown mining district in northwestern Tasmania. Pacific Resources holds 100% ownership of the tenement, which also includes the Mersey volcanic-hosted massive sulfide base metal and gold project.
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