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Quintessential Resources finds gold at Papua New Guinea prospect

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Quintessential Resources (ASX: QRL) has completed first grid based soil sampling that demonstrates epithermal gold mineralisation potential over a 1,000 metre strike length at its Yaheyahe Prospect in Papua New Guinea.

Limited hand trenching was completed and returned weighted assay averages to 14m of 2.99 grams per tonne gold. Float rocks were assayed to 17.1g/t gold.

A total of 278 soil samples were collected on 10 grid lines for 6,925 linear metres of sampling on a 0.75 square kilometre grid where historical trenches and rock-chip sampling returned a peak value of 31g/t gold.

27 samples were above 0.05 g/t gold and 12 of those samples contained >0.1g/t gold.

The company also completed 204 metres of hand trenching with 102 two metre continuous rock chip samples collected, returning results of up to 14 metres at 2.99g/t gold, 2 metres at 3.68g/t gold and 2 metres at 2.11g/t gold.

During soil sampling within the Yaheyahe soil grid it was noted that more quartz vein material is located in the area to the northwest of the main grid between line 1, 2, 3 and 4. This will be further investigated as appropriate.

 

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