May River Project
Located less than 15km from the PanAust owned world-renowned Frieda River Project; the May River project adds significant value to the Kainantu Resources platform with close proximity copper/gold exposure.
Key Project prospects (Skiraisa, Foya, Eserebe, Mountain Gate and Iku Hill) are situated along a 7km long N-NW trending structural corridor, exhibiting many attributes similar to the extended mineralised system identified at the Frieda River Project (between 10 and 15km to the east);
Soil, rock chip and channel anomalies indicate the existence of porphyry style Copper-Gold mineralisation in addition to near surface structurally controlled and breccia-hosted epithermal gold veins and berccias;
Previous drilling at the Skiraisa prospect has demonstrated significant gold potential: 54m at 1.83g/t Au; 109m at 1.53g/t Au and 96m at 0.89g/t Au;
Copper-in-soil anomalies of > 2,500ppm have been reported from several areas at the Mountain Gate prospect;
At the Iku Hill prospect, airborne geophysical surveys (and reprocessing of data) have identified intense magnetic targets over a 2km² area; sharing similar structures to the Frieda River Project’s dominant Horse-Ivaal Cu-Au deposit (less than 10km to the east);