The New Guinea Mobile Belt is a 2,300km mineralized corridor and is considered one of the most prospective gold-copper provinces in the world, with total combined resources exceeding 180 million ounces of gold.
The Kuta Ridge property consists of a ~192 km2 (19,170 hectares) land package with excellent access to infrastructure including road going through the property and power lines.
Kuta Ridge has multi million ounce potential with geological similarities to highly successful Porgera (11.5 Moz, Barrick Gold) and Kainantu (2.4 Moz, K92 Mining) mines. Exploration to date has uncovered a 5.5km long ‘gold corridor’ with an abundance of mineralized veins on surface. Sampling has yielded up to 238 gpt gold.
The Kuta Ridge Property
Area of focus is a 5.5km open gold ‘corridor’ showing high-grade epithermal gold mineralized veins on surface over 300 vertical metres extent.
Kuta Ridge currently consists of two primary areas: Kuta Ridge Area (gold corridor with parallel north-south structures: Joy Lode and Kraip Lode) and Southern Trenching Area.
10 Trenches were excavated in the Southern Trenching Area, showing up to 5.93 gpt over 1.0 metres.
The Gold Corridor
Joy Lode is a new discovery which may be the source of historical alluvial gold mining (official estimate 3,000 ounces between 1932 – 1949) with trenching showing up to 4.53 gpt gold over 1.5m
Kraip Lode is the focus of the current small scale alluvial gold mining with trenching showing up to 28.6 gpt gold over 1.5m
Exploration to date has identified varied styles of mineralization: 1) Low-sulphide veins; 2) High-grade quartz-arsenopyrite veins; 3) Sulphide veins with massive pyrite; 4) High-grade ribboned and brecciated quartz-pyrite veins
Kuta Ridge Geology: Epithermal Deposit
Our focus is on identifying the porphyry source and controls of the high-grade epithermal system and its veins which appear at surface.
There is previously unknown mineralization along the lower part of Koitman Creek, >300m below the crest of Kuta Ridge. This demonstrates that fluids boiled over a large vertical range, providing potential large range of gold deposition, corresponding to our two primary areas of focus—the north-south trending Kraip and Joy Lodes (i.e. Gold Corridor).
The gold corridor is open in both directions—potential to expand greater than 5.5km trend.
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1805 – 55 University Avenue
Toronto, Canada M5J 2H7
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