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New Guinea Gold boosts Mt Penck

CANADIAN company New Guinea Gold says it has a total gold resource in Papua New Guinea of more than 500,000 ounces after releasing initial resource figures from the Kavola East prospect within its Mt Penck project.

Jesse Riseborough
New Guinea Gold boosts Mt Penck

The TSX-listed company says Kavola East contains an inferred resource of 1.5 million tonnes grading 2.9gpt for 140,000oz of gold. NGG has a total of 12 projects within PNG of which four, Sinivit, Imwauna,...

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