drilling for copper and gold imminent, page-2

Quintessential Resources poised for exploration in Papua New Guinea copper district
Wednesday, August 17, 2011 by John Phillips


Quintessential Resources (ASX: QRL) focus on Papua New Guinea is already attracting some investor interest, considering the last trade at $0.30 is already 50% higher than the recent $0.20 IPO - with the company only hitting the ASX boards a week ago.

The Quintessential exploration program is set to commence at the Mal Porphyry Copper District with two, three dimensional induced polarisation surveys, while preparing for soil sampling programs at the Mal and Irak Prospects.

This new exploration will follow up on the historic very high grade samples of 3.0% copper, plus 46g/t silver and 9.57g/t gold from rock samples.

Quintessential said that the eight prospects contained within the Mal District are associated with a 7.5 kilometre diameter intrusive that has a 'typical' aeromagnetic porphyry signature, and is coincident with multiple sub-circular topographic features.


The Mal District

The Mal District is situated 9.5 kilometres from the Yenkis airstrip and 15 kilometres from the Tekem Prospect, which is highly prospective for porphyry copper-gold-silver-molybdenum mineralisation due to the location on the Maramuni-Karawari Fault Zone.

This zone is at the intersection of a major regional, arc-parallel terrane bounding fault and a major arc normal lineament, where the geology consists of mid-Miocene age intermediate intrusives into Mesozoic age shales and slates.