PNG Gold Corporation is a Canadian based mining company with a corporate mission to become the premier gold exploration and mine development company in Papua New Guinea. Its current focus is the Imwauna Gold Property located on Normanby Island, Milne Bay Province, Eastern Papua New Guinea. The Normanby Exploration License, EL 1091, 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.
Imwauna Project Highlights:
- High grade gold, near surface, low sulphidation, epithermal swarm vein system
- 17% of a drill hole intersections exceed 10 g/t Au over 1.0 m
- Only 4 km from the coast
- Preliminary feasibility study underway
- NI 43-101 compliant mineral resource estimate expected in Q2 2012