Vancouver, B.C. – October 1, 2024 – South Pacific Metals Corp. (TSX-V: SPMC; OTCQB: SPMEF; FSE: 6J00) (“SPMC” or the “Company”), an emerging gold-copper exploration company operating across Papua New Guinea’s proven production corridors, is pleased to announce that multiple new Copper-Gold targets have been identified within the Kili Teke Copper-Gold Porphyry Complex. Results from a recently completed targeting exercise using ALS GoldSpot Discoveries Ltd.’s, (“ALS Geoanalytics”) advanced technologies including geochemical analysis, 3D modelling and machine learning, have revealed 10 new exploration targets proximal to Kili Teke’s Central Porphyry (“CP”) which currently hosts an Inferred Mineral Resource of 1.81 Moz Au, 802 kt Cu & 40 kt Mo1 (see January 12, 2023, press release and NI 43-101 published report on SEDAR+).

Targeting Highlights:

New Porphyry Targets:
Identified at depth beneath the current resource;
The Ieru Porphyry, now confirmed as a distinct separate system. Previous trenching returned 132 m at 0.5% Cu and 0.6 g/t Au;
New Skarn Targets identified adjacent to the current resource with potential to host high-grade Cu-Au, as evidenced by historically drilled skarns that returned 12.98 % Cu, 11.75 g/t Au and 21.07 g/t Ag over 7.8 m within 54 m @ 2.1% Cu, 1.82 g/t Au, 3.87 g/t Ag (from 878 m depth down hole) 2; and
“Porgera-Style” Au Targets: this style of mineralization is commonly associated with strong gold-tellurium-arsenic metal associations. Near to the current resource, the Ridge Gold Area (“RGA”) demonstrates these associations. Additionally, soil Au values of up to 9.3 g/t Au occur over a broad region (900 m by 300 m).
As a result, the Company is currently evaluating various non-dilutive, project-level financing options to advance exploration efforts.

“This work has identified several targets that complement the known mineralized zones at Kili Teke,” said Cathy Fitzgerald, President and Chief Geologist.

see & read more on
https://southpacificmetals.ca/south-pacific-metals-identifies-multiple-new-copper-gold-targets-at-the-kili-teke-project/