Geopacific announced on Wednesday that a new zone of gold and silver deposits was discovered at its Prospect 118 site at the companys Kou Sa project in Preah Vihear province the second such find this year after another discovery was announced in January.
The gold and silver discovered thus far have been found in epithermal deposits which are typically small in size but high in concentration of minerals These types of deposits are likely caused by the circulation of sub surface water which breaks down organic compounds in the soil and mineralises them converting organic matter into inorganic substances like gold and silver Because they are found near the earths surface epithermal deposits are considered easily mineable.
As Geopacific moves closer to the source of this circulation it will likely find more gold according to Geopacific managing director Ron Heeks.
With much of the land incorporated in Geopacifics Kou Sa licence yet unexplored by drilling the most recent gold and silver discoveries indicate that there remain significant deposits to be uncovered at the site Heeks said in the release.
The prospectivity of the Kou Sa project has been greatly enhanced by this new large epithermal gold discovery he said adding that both recent finds indicated that a larger significantly sized source driving the mineralisation had yet to be found.
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Besides spinal quartz chalcedony tektite and petrified woods are also important as precious stone The well known productive areas of gems in Thailand are Chantaburi and Trat provinces in eastern region Others are Kanchanaburi in the west Phrae and Chiang Rai in the north as well as Sri Saket and Ubon Ratchathani in the northeast.
The company intends to continue exploring this site and is currently sampling the soil to identify the extent of the recently discovered gold and silver zones.
Geopacific expects to use geophysical imaging to identify further ore deposits at the site.
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