South Pacific Identifies New Mineralized Zones at Golkona South, Anga Project
South Pacific Identifies New Mineralized
Zones at Golkona South, Anga Project
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) -
South Pacific Metals Corp.
(TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("
SPMC
" or the "
Company
is pleased to announce the
discovery of a new
gold-copper mineralized zones at Golkona South
, part of the Company's
Anga
Project
in Papua New Guinea. The Anga Project lies immediately northeast of, and contiguous with,
K92 Mining's
tenements in the Kainantu District — a highly prospective gold-copper district in PNG.
Highlights — Golkona South:
2.2 × 1.1 km gold
in
soil anomaly
identified, with high soil assays (peak value
1080 ppb Au)
the
highest soil gold values reported on the Anga project to date.
Two zones of high copper (over 1000pm Cu)
and
silver (over 250 ppb Ag) in soil samples
with peak results up to
3,397 ppm Cu
and
2160 ppb Ag -
within the broader gold in soil anomaly
mentioned above.
Panned concentrate samples
from streams draining Golkona South contain up to
282 ppm Au
,
indicating a local source.
The anomalous area is coincident with
mobile MT conductivity
features, which correlate with
known deposits in the Kainantu region.
Regional interpretation
reveals a northeasterly trend to the geophysical and structural features,
with K92's Arakompa deposit along that trend to the southwest.
Next Steps:
Geochemical sampling
will continue at
Golkona South,
the adjacent
Golkona prospect
and
the broader Anga tenement. Geological reconnaissance and mapping at
Golkona South
and
Golkona prospect
will help to understand the nature of the mineralisation and its prospectivity
.
This information, together with past geochemistry and geophysics, will be used to help define
initial drill targets
.
"We are very pleased with these latest soil geochemical results at Golkona South,"
said Timo Jauristo,
CEO of South Pacific Metals Corp.
"The potential of Golkona South and the Anga tenements are
highlighted by these results and their location along the northeasterly trend from K92's large and
growing Arakompa project.
We look forward to continuing to advance this project, although our
immediate priority is the imminent start of drilling to test the exciting epithermal vein targets at Ontenu
NE."
Figure 1
Golkona to Golkona South target areas with gold in soil and stream sediment (pan
concentrate) results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10890/270302_fe721d2524fed935_001full.jpg
Figure 2
Golkona to Golkona South target areas with Cu-As-Ag in soil and Au in stream sediment (pan
concentrate) results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10890/270302_fe721d2524fed935_002full.jpg
Figure 3
Irinke, Golkona and Golkona South Areas in relation to K92's Arakoma deposit. The structures
are inferred from public domain data include interpretation of Digital Elevation Models and geophysical
data. Background image = Mobile MT, apparent conductivity including georeferenced image from public
release by K92 Mining Ltd.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10890/270302_fe721d2524fed935_003full.jpg
Figure 4
Regional location map in the Kainantu Transfer Zone and proximity to infrastructure, in eastern
Papua New Guinea
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10890/270302_south%20pacific%20figure%204.jpg
About South Pacific Metals Corp.
South Pacific Metals Corp. is an emerging gold-copper exploration company operating in the heart of
Papua New Guinea's proven gold and copper production corridors. With an expansive 3,100 km² land
package and four transformative gold-copper projects contiguous with major producers K92 Mining,
PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams are
prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to
prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke, and May River.
Immediately flanking K92 Mining's active drilling and gold producing operations to the northeast and
southwest, SPMC's Anga and Osena Projects are located within the high-grade Kainantu Gold District -
each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as that
present within K92 Mining's tenements. Kili Teke is an advanced exploration project situated only 40 km
from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple
opportunities for expansion and further discovery. The May River Project is located adjacent to the world-
renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant,
untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange
(TSXV: SPMC), the OTCQB Marketplace (OTCQB: SPMEF) and Frankfurt Stock Exchange (FSE:
6J00).
Quality Assurance and Quality Control
Soil Sampling
Soil sampling involves augur or dig to the c-horizon and sieving to a <2 mm in the field. Soil samples
were sent to the ITS (PNG) Ltd (Intertek) Laboratory in Lae for assay. Assaying for gold was conducted
for gold using FA50, with pulps sent to Australia for aqua regia AR10 multi-element techniques. Certified
Reference Material (CRM), duplicates and blanks are inserted in the soil sample to monitor laboratory
performance, with no significant variations from expected results. Refer Table 1 in appendix for full
results.
Stream sediment / pan concentrate
Pan concentrate soil samples are collected from stream sediment trap sites above the confluence of
individual streams. A field technician places approximately 2 to 4kg of wet sediment into a gold pan, and
pans to concentrate between 50g and 100g of heavy minerals, which typically include magnetite and
other iron oxides, sulphides and native metals including gold. By its nature, this form of sampling
concentrates gold and can provide information to potential gold sources upstream. The Company
considers >10ppm Au as indicative of a potential source and >100ppm Au as very encouraging. Further
work is required, conducting reconnaissance in the stream catchment, to identify the source. Samples
presented in this release were assayed at ITS (PNG) Ltd (Intertek) Laboratory in Lae, using fire assay /
50g charge (FA50). No CRMs were inserted, though the laboratory conducted its own standard checks.
Refer Table 2 in appendix for full results.
Qualified Person
The scientific and technical information disclosed in this release has been compiled by Company
geologists and reviewed and approved by Darren Holden, BSc. (Hons), Ph.D., FAusIMM, a "Qualified
Person" as defined in National Instrument 43-101
Standards of Disclosure for Mineral Projects
. Dr.
Holden is a Technical Advisor to the Company.
For further information, please contact:
Michael Murphy, Executive Chair
or
Investor Relations
South Pacific Metals Corp.
Tel: +1-604-653-9464
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Disclaimer and Forward-Looking Information
Statements contained in this release that are not historical facts are forward-looking statements that
involve various risks and uncertainty affecting the business of SPMC. In making the forward-looking
statements, SPMC has applied certain assumptions that are based on information available to the
Company, including SPMC's strategic plan for the near and mid-term. There is no assurance that
such information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Forward-looking statements may involve various risks and
uncertainties affecting the business of the Company. These forward-looking statements can generally
be identified as such because of the context of the statements, including such words as "believes,"
"anticipates," "expects," "plans", "may", "estimates", or words of a similar nature. Forward-looking
statements or information in this news release relate to, among other things: ongoing exploration and
future exploration programs, including results therefrom and impact thereof. These forward-looking
statements and information reflect the Company's current views with respect to future events and are
necessarily based upon a number of assumptions that, while considered reasonable by the
Company, are inherently subject to significant operational, business, economic, regulatory, or other
unforeseen uncertainties and contingencies. These assumptions include, without limitation: success
of the Company's projects, prices for metals remaining as estimated, currency exchange rates
remaining as estimated, availability of funds for the Company's projects, capital, decommissioning
and reclamation estimates, prices for energy inputs, labour, materials, supplies and services
(including transportation), no labour-related disruptions, no unplanned delays or interruptions in
scheduled exploration, all necessary permits, licenses and regulatory approvals are received in a
timely manner, and the ability to comply with environmental, health and safety laws. The foregoing list
of assumptions is not exhaustive. The Company cautions the reader that forward-looking statements
and information involve known and unknown risks, uncertainties and other factors that may cause
actual results and developments to differ materially from those expressed or implied by such forward-
looking statements or information contained in this news release and the Company has made
assumptions and estimates based on or related to many of these factors. Accordingly, readers should
not place undue reliance on forward-looking information. Such factors include, without limitation:
fluctuations in gold prices, fluctuations in prices for energy inputs, labour, materials, supplies and
services (including transportation), fluctuations in currency markets (such as the Canadian dollar
versus the U.S. dollar), operational risks and hazards inherent with the business of mineral
exploration, inadequate insurance or inability to obtain insurance to cover these risks and hazards,
the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely
manner, changes in laws, regulations and government practices, including environmental, export and
import laws and regulations, legal restrictions relating to mineral exploration, increased competition in
the mining industry for equipment and qualified personnel, the availability of additional capital, title
matters and the additional risks identified in the Company's filings with Canadian securities regulators
on SEDAR+ (
www.sedarplus.ca
). Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be other factors that cause results not to
be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance
on forward-looking statements or information. These forward-looking statements are made as of the
date hereof and, except as required under applicable securities legislation, the Company does not
assume any obligation to update or revise them to reflect new events or circumstances. Mineralization
hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on
the Company's property.
Appendix 1: Results reported in this release.
Table 1.
Golkona South soil samples >10ppb. Coordinates in WGS84 Zone 55 south. Ordered highest
to lowest by Au.
Sample ID
Easting
Northing
Elevation
Gold (ppb)
Silver (ppb)
As (ppm)
Copper (ppm)
D04285
382991
9322253
586
1080
160
475
45
D03834
382107
9322074
788
139
190
4
1762
D03860
382661
9321232
524
114
1320
98
1258
D03854
382463
9321045
561
104
230
8
1052
D03857
382591
9321099
552
97
160
10
3397
D03752
382213
9322150
775
96
900
13
1800
D03858
382620
9321140
549
85
430
8
1601
D04293
382204
9322224
756
67
120
2
365
D04281
382124
9322066
779
60
160
1
1954
D04292
382254
9322220
742
58
370
5
1380
D03836
382075
9321667
729
58
25
2
34
D04278
382178
9322832
761
56
180
11
1409
D03733
382996
9323684
814
56
60
29
77
D03797
382615
9323538
850
53
60
148
80
D04221
382644
9321195
539
51
830
10
1871
D03817
382547
9322838
696
50
25
12
61
D03839
382172
9321559
695
48
25
3
55
D04256
382158
9322307
758
47
190
187
321
D03802
382743
9323390
822
45
320
515
65
D03864
382213
9323503
862
44
60
584
87
D04248
382714
9322648
575
40
25
13
67
D03754
382301
9322110
747
34
100
5
519
D03835
382045
9321706
744
34
130
2
499
D04216
382539
9321027
550
33
270
4
703
D03755
382351
9322097
725
33
220
7
629
D03768
382779
9321772
646
33
25
4
58
D04223
382709
9321241
498
31
530
484
659
D04220
382628
9321159
546
30
190
5
346
D03849
382099
9320926
593
30
170
6
169
D04222
382680
9321214
521
29
830
18
321
D04263
382798
9321914
638
29
25
5
80
D04297
382188
9323404
866
29
150
254
48
D03859
382643
9321185
544
28
2160
15
532
D03766
382865
9321725
626
28
70
10
128
D04261
382747
9321854
665
27
25
4
209
D03790
383268
9322140
603
27
25
391
78
D03862
382111
9323416
818
26
25
162
108
D03751
382166
9322163
792
25
630
11
793
D03777
382668
9322099
655
25
50
131
97
D03844
382302
9320920
574
24
310
7
202
D04308
382715
9322300
600
23
90
15
70
D03845
382280
9320965
584
22
390
7
168
D03855
382513
9321042
565
22
70
7
158
D04280
382092
9322103
788
21
80
5
605
D03748
382074
9322125
819
21
60
5
423
D04218
382587
9321090
548
21
140
12
149
D03865
382257
9323528
867
21
25
109
99
D03801
382702
9323418
833
21
110
152
89
D04260
382715
9321834
668
21
25
7
82
D04291
382304
9322199
724
20
250
81
1081
D04295
382106
9322169
795
20
260
2
804
D04288
382453
9322201
661
20
340
27
417
D04233
382396
9322027
688
20
60
1
110
D03861
382708
9321214
515
20
60
85
90
D03819
382647
9322842
649
20
70
71
70
D03866
382278
9323572
870
19
70
301
134
D03846
382235
9320987
590
19
180
5
121
D03776
382636
9322060
662
19
140
21
113
D03782
382896
9322177
623
19
25
39
49
D04259
382294
9322361
705
18
200
72
257
D03808
382116
9322915
797
18
80
49
177
D04265
382862
9321947
602
18
50
16
44
D04232
382366
9322066
707
17
130
2
712
D04290
382353
9322191
709
17
130
8
255
D03762
383063
9321722
556
17
90
21
197
D03786
383078
9322177
591
17
310
872
109
D04226
382265
9321039
557
17
130
5
102
D03732
383008
9323732
826
17
60
3
81
D04298
382153
9323445
895
17
25
93
80
D03798
382637
9323493
848
17
80
100
41
D03747
382033
9322151
838
16
60
2
468
D03769
382735
9321796
661
16
25
3
97
D03758
382493
9322051
691
16
290
28
81
D03842
382288
9321493
644
15
150
7
140
D03863
382180
9323466
846
15
25
92
135
D03856
382560
9321060
567
15
140
5
122
D04228
382250
9320989
582
15
100
6
102
D03765
382915
9321720
607
15
25
4
100
D03847
382187
9320975
586
15
130
7
75
D03760
382569
9321988
682
15
70
35
64
D04296
382221
9323372
838
15
120
210
49
D04270
382895
9321900
594
15
70
7
49
D03841
382260
9321534
663
15
25
6
27
D03853
382415
9321026
570
14
200
4
192
D04289
382403
9322195
688
14
170
5
160
D03749
382118
9322152
811
14
70
1
114
D04231
382495
9321037
548
14
130
2
112
D03764
382964
9321734
583
14
80
22
91
D03867
382325
9323591
859
14
80
95
91
D03739
383216
9323495
732
14
60
3
90
D03816
382499
9322848
708
14
25
8
74
D03770
382691
9321821
668
14
25
21
67
D03792
383368
9322155
567
14
70
74
44
D03783
382938
9322203
619
14
25
375
37
Sample ID
Easting
Northing
Elevation
Gold (ppb)
Silver (ppb)
As (ppm)
Copper (ppm)