Risk and valuation analysis of the Mt. Penck Project |
Status Risk : Green exploration |
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Location of the Mt. Penck Project |
The Mt Penck Project in West New Britain Province, Papua New Guinea,
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History of the Mt. Penck Project |
The Mt Penck property covers part of the Mt Penck volcano in West New Britain Province, PNG. The
general area has been explored since 1968 but prospects in the current licence were not discovered until
1985 – 1990 when BHP found the Kavola prospects. Several million dollars have been spent on
exploration since then.
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Geology of the Mt. Penck Project |
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The Mt Penck property is situated along the “Rim of Fire”, the active circum-Pacific volcanic belt that
hosts most of the areas large porphyry copper-gold deposits and a number of world-class epithermal
gold deposits. The property is located at the more...
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