Geopacific Resources NL

As a result of an initial request by Geopacific for technical assistance, Finders carried out an extensive review of Geopacific’s prospects in Fiji and concluded that the portfolio of tenements represented an exciting exploration opportunity with good potential for early economic discoveries in the four main project areas:

• Nadi South: targeting a “blind” porphyry copper gold system and peripheral gold vein targets;
• Nuku: targeting skarn and carbonate replacement gold and gold-base metals systems;
• Vuda and Vuda Sabeto: targeting high grade vein style epithermal/mesothermal gold; and
• Rakiraki: targeting Vatukuola style vein gold deposits.

Geopacific listed on the Australian Stock exchange (ASX: GPR) in May 2006 with Finders holding 16.7% of the company’s issued capital.

On 23 August 2006, Geopacific announced that DDHQ001 the first diamond drill hole of the current exploration program at the Rakiraki Project in Fiji intersected 2.8 meters from 61.20 meters of 14.43g/t gold within a zone of epithermal quartz-carbonate veining.
Other mineralised zones in DDHQ001 include 1 metre drilled width of 1.27g/t Au from 39.00m down hole and a deeper zone of 14.7 meters drilled width averaging 0.46g/t Au between 111.30 – 126.00 meters.
DDHQ001 was drilled towards grid south at a 60 degree dip from grid 5565N/3600E to a total depth of 150m within a zone of high resistivity values and within an area of the Qalau – 4300 grid which is covered by transported river gravels.

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