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NORMANBY (IMWAUNA) Project
NORMANBY (IMWAUNA)
Country
Papua New Guinea
Close to
Port moresby
Status
FEASIBILITY
Latitude / Longitude
10 S 01 / 151 E 05
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Risk and valuation analysis of the NORMANBY (IMWAUNA) Project
Status Risk : Feasibility
Country Risk : Important
Resource Risk : 60.00%
In situ value
989,461,088 $
Title(s) of the NORMANBY (IMWAUNA) Project
New Guinea Gold Corporation
Owner: 100%
Title
Company Profile
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Company website
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The property is held 100% by New Guinea Gold Ltd (“NGG”) which is in turn 100% owned by New Guinea Gold Corporation (“NGG”).
Location of the NORMANBY (IMWAUNA) Project
The Imwauna project is located about 325km east of Port Moresby and 65 km northeast of Alotau in Milne Bay Province, Papua New Guinea (“PNG”) (Figure 1). The Project is located on the Normanby Exploration License (“EL”) 1091 that covers 20 sub-blocks (68km2) in the central part of Normanby Island, the southern and eastern most of a three, island chain called the D’Entrecasteaux Islands.
History of the NORMANBY (IMWAUNA) Project
New Guinea Gold Corporation (NGG) has been actively exploring at its Normanby Property and Imwauna Prospect since 1996, initially in joint venture with Macmin Silver Ltd and since 2002 as the sole owner of the property. Minimal exploration only to
more...
Geology of the NORMANBY (IMWAUNA) Project
The Imwauna Prospect is a part of an 8 to 10 sq km area which hosts numerous quartz veins, often with high grade gold, and disseminated gold mineralisation associated with Recent/Pleistocene volcanics. Only a small part of this large prospective area has been tested by drill holes and there is potential to locate additional moderate sized resources at other prospects in addition to Imwauna.
Reserves and resources of the NORMANBY (IMWAUNA) Project
Tonnage
Grade
Reserves and resources
Silver
Gold
Silver
Gold
g/t
g/t
oz
oz
Measured
1,800,000
20.00
12.20
1 157 427
706 030
Mesured and Indicated
1,800,000
20.00
12.20
1 157 427
706 030
Total
1 800 000
1 157 427
706 030
Definitions
Reserves and resources of the NORMANBY (IMWAUNA) Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
706 030
706 030
706 030
oz
949 257 866 US$
Silver
1 157 427
1 157 427
1 157 427
oz
24 572 173 US$
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
2019
2020
2021
GOLD (oz)
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
Exploration and drilling
3/3/2009
Exploration Update
7/10/2008
Dual Track Strategy for Imwauna Project Papua New Guinea
5/19/2006
Further High Grade Gold to 16.05g/t & Silver to 91g/t Inters...
Discoveries and Drilling Results
6/12/2008
Announces Inferred Mineral Resource at 100% Owned Imwauna Pr...
4/23/2008
ANALYSIS of DRILL RESULTS INDICATES ADDITIONAL HIGH GRADE GO...
3/27/2007
New Guinea Gold Corp News Release: Imwauna Drilling Interse...
12/20/2006
Imwauna Hole IMH 085 Intersects 1.3m at 15.2g/t Gold
9/20/2006
438g/t Gold & 485 g/t Silver in Drill Core at Imwauna Papua ...
6/29/2006
Hole IMH 074 At Imwauna Intersects 6.45m At 20.87g/T Gold &a...
6/9/2006
106g/t Gold Over 3m Interval At Imwauna
5/31/2005
Announces Imwauna Drilling Results to 61.9 grams per tonne G...
Location
Data last updated on : 6/30/2008
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