December 22, 2010 09:40 pm
PAPUAN PRECIOUS METALS DISCOVERS A THIRD LARGE DIATREME PORPHYRY AT MT. SUCKLING.
PPM believes that at Mt. Suckling we may be exploring a new mineral district.
The Mt Suckling project is situated at the eastern end of New Guinea’s Central Range, one of the world’s premier porphyry copper belts. This belt includes several giant porphyries including Grasberg, Ok Tedi, Frieda, Porgera and Wafi/Golpu
PPM has identified three prospective porphyry prospects in a linear belt some 19 km long and localised within the wide trace of the Keveri Fault Zone, part of the once active plate boundary between the Australian and Pacific plates. MT. Suckling project map
Papuan Precious Metals Corp has an interesting and exciting portfolio of porphyry, epithermal and hydrothermal Ni-PGE projects located at the eastern end of New Guinea’s Central Range porphyry belt and in the Lihir-Tabar mineral belt.
Papua New Guinea is endowed with spectacular porphyry copper-gold and epithermal gold
resources, some of which are alkalic in nature. The Ladolam gold deposit on Lihir Island has a
resource of 421.8 Mt @ 2.95 g/t Au (40 Moz Au).
Most of this portfolio are grassroot projects. Because of the speculative nature of this stock, I suggested to all investors to investigate and do your own DD.