EL 1589 – Zenag

 

The Zenag Prospect (EL1589) is located 65 kilometres southwest of Lae City and 12 kilometres southeast of Wafi/Golpu epithermal gold and porphyry copper-gold deposit.  The key target is the Biamena magnetic anomaly considered to represent an intrusive magnetic body which straddles the western tenement boundary.

Zenag Tenement

Works completed in EL1589 by PNM and others have revealed widespread elevated gold in creeks and trenching shedding from this area.  Historical mapping and sampling by the neighbour to the west has reported best surface trenching results of 15m @ 24 g/t Au and 1.44% Cu from what is considered to belong to the same intrusive system straddling the boundary of the tenement.

PNM completed soil sampling programs over the tenement during the year, with work limited by the priority given to other tenements held by the company. The tenement remains prospective for the discovery of a Wafi style copper-gold porphyry system. PNM will continue to undertake reconnaissance exploration programs at Zenag in the ensuing year, while focusing the majority of its exploration efforts on the priority programs at Garaina and Gusap.