South Pacific Metals Corp. V.SPMC

Alternate Symbol(s): SPMEF

South Pacific Metals Corp., formerly Kainantu Resources Ltd., is an Asia-Pacific focused gold mining company with four prospective gold-copper projects, such as May River, Kili Teke, KRL North and KRL South (including the prospective Ontenu prospect). All projects are located in mining regions in Papua New Guinea (PNG). Both KRL North and KRL South host high-grade epithermal and porphyry mineralization in the Kainantu Gold District. The May River project is in close proximity to the Frieda River Copper-Gold Project, with historical drilling indicating the potential for significant copper-gold projects. May River project is located less than 15 kilometers (km) from the PanAust-owned Frieda River Project. Kili Teke project is an advanced development project with an existing NI43-101 compliant inferred mineral resource. The Kili Teke project comprises EL 2310 and is located approximately 40 km west-northwest of the Porgera Gold Mine, in the Koroba-Kopiago District of Hela Province, PNG.

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South Pacific Metals Corp. > Acquisition of Highly Prospective Copper-Gold Project

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Comment by BlindBoyon Jun 15, 2021 11:03am

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Post# 33388265

RE:Acquisition of Highly Prospective Copper-Gold Project

The afformentioned Frieda River Copper & Gold project is one of the largest undeveloped copper-gold deposits in the Asia-Pacific region.

The Frieda River reserves are stated at 12.9 million tons of copper, plus 20 million ounces of gold.

A piece of trivia: K92 shareholders might find it interesting that the previous mine owner & seller of their Kainantu mine to Barrick, (Highlands Pacific), is also a 20% owner in the Frieda River project.

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