Los Cerros Limited announced recent trench channel sampling assay results from the Kusi gold-copper prospect, part of the 100% owned Ono Project in Papua New Guinea. Channel sampling of a trench along strike from the Leah's Lode skarn discovery trench has reported mineralized skarn assaying 22m @ 4.68g/t Au (Table 1) which extends the mineralized skarn unit >100m to the northeast. This extension supports the concept of a shallow dipping mineralized zone on the eastern side of Kusi. The Ono Project is 1,630km2 of contiguous exploration licenses covering an intrusive complex considered prospective for gold/copper oxide skarn, epithermal and porphyry mineralization.
Results from previous drilling and surface channel sampling of the southern portion of the upper limestone skarn unit include1 -10.1m @ 2.39g/t Au from 0m in diamond drill hole KSDD003, 20m @ 2.89g/t Au from 107m in diamond drill hole KSDD004, 35m @ 3.04g/t Au from 136m in diamond drill hole KSDD007, 20m @ 3.84g/t Au in trench FPR TR 1 and 71m @ 4.96g/t Au, 4.77g/t Ag & 0.37% Cu in trench KSTC45A. Leah's Lode is a 2022 discovery of an additional eastern skarn unit (at a different stratigraphic level to the upper limestone unit) and was defined by a single trench with strong copper and gold grades of 8m @ 11.5g/t Au, 2.6% Cu, 24g/t Ag. The recent result extending the unit by >100m along strike is an important confirmation of this new discovery. Drilling, scheduled to commence in March 2023, will be required to ascertain true widths of mineralization as the skarn dips similarly to the steep topography. The presence of thick vegetation also makes assessment of true width challenging. Leah's Lode mineralization remains open in all directions. Kusi field work continues ahead of drilling and has moved to the western and northern target areas, to establish the full extent of the mineralized upper limestone skarn unit.