Gampo Cu-Au

The Gampo Project comprises six contiguous licence applications surrounding the historic Geumryong and Kigu copper-gold mines held under application licence by a third party. The area has been the subject of considerable government investigation and research by the Korean Resources Corporation (KORES – now KOMIR) since the 1970s, including drilling, geophysical and geochemical surveys.

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Historical drilling around the Geumryong mine by KORES reported wide intercepts of copper between 0.50% and 1.73% and gold grades up to 2.2 g/t (table 2). Drilling by KORES at the historical Sokchon Prospect within the Iondrive licence application to the west of the Geumryong mine returned significant gold and silver mineralisation in one hole with a downhole result (not true width) of 11.2m @ 10.2 g/t Au and 11.0 g/t Ag from 4.4m, and 7.1m @ 2.3 g/t Au and 4.0 g/t Ag from 17.4m within an interval logged by KORES as “quartz porphyry” with disseminated chalcopyrite and pyrite cross-cutting hornfelsed black shale. Other holes drilled in the vicinity did not return any significant mineralisation.

The historic drill site is now the location of a quarry, however this result highlights the prospectivity of the area.

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