Highlights Reconnaissance exploration, in August this year, has located Cu-bearing skarn-like mineralisation from the southeast Urua-Omu area. Highlights from sampling include 7.41 % Cu and 0.72 % Cu from a garnet-bearing skarn occurrence, noted over a 200 m x 50 m area. A gossanous float sample from the skarn zone assayed 0.22 % Cu. The presence [...]
PNG Copper announces that further to its news release dated November 15, the Company's principal regulator, the Ontario Securities Commission granted a management cease trade order on Nov 30, 2022, under National Policy 12-203 Management Cease Trade Orders. Pursuant to the MCTO, the CEO, CFO and directors of the Company may not trade in securities [...]
PNG Copper Inc. announces that it will be unable to file its interim financial report, management discussion and analysis and related Certifying Officer certificates for the third quarter ended September 30, 2022 which are required to be filed on or before November 29, 2022 . In connection with the anticipated delay, the Company has applied to the [...]
PNG Copper announces that assay results have been received from the final drillhole of the recently completed four-hole drill program at the Doriri nickel-palladium-platinum prospect, Mt Suckling, Papua New Guinea. Highlights 14.10 m of 0.72% Ni, 0.53 g/t PGM in DOD008 from 13.35 m 10.70 m of 1.78% Ni, 0.67 g/t PGM in DOD003 from 2.80 m All eight [...]
PNG Copper Inc. announces that assay results have been received from the first three drillholes of the recently completed four-hole drill program at the Doriri nickel-palladium-platinum prospect, Mt Suckling, Papua New Guinea. David Lindley, Interim CEO and responsible for the drilling of the present drillholes at Doriri and the previous 2012 [...]
PNG Copper Inc. is pleased to announce that it has completed certain obligations under the existing Option Agreement by issuance of Class A common shares in the capital of the Company . The Company settled outstanding obligations of CAD$450,000 with Papuan Minerals Pty Ltd. through the issuance of 10,102,041 Common Shares. The Company also [...]
PNG Copper Inc. is pleased to announce the simultaneous closings of a brokered private placement offering and settlement of outstanding indebtedness with senior management of the Company . The Company, pursuant to the Private Placement, issued 2,000,000 units for gross proceeds of C$100,000.00. In connection with the closing of the Private [...]
PNG Copper Inc. is pleased to report that drillhole DOD008, on Section 10000N, the final drillhole in the Phase I drilling programme at Doriri Ni-Pd-Pt prospect, was collared on July 5, 2022. The hole intersected an 18.55 m downhole width of the Doriri mineralization between 10.95 m to 29.50 m. The drillhole was completed below Costean I and [...]
PNG Copper Inc. is pleased to report that following the completion of drillhole DOD005 on section 10040N at the Doriri nickel-palladium-platinum prospect on June 15, 2022, drilling moved to Section 10025N which includes drillholes DOD006 and DOD007. Drilling results from Section 10025N will test the continuity of mineralization in Costean III [...]
PNG Copper Inc. is pleased to report that the drilling of hole DOD005 on Drill Section 10040N at the Doriri nickel-palladium-platinum prospect resumed on June 3, 2022 after a delay awaiting the arrival of spare parts from the Philippines and Australia for the manportable ID200 drill rig. Mineralization was intersected from 46.40 m to 64.20 m [...]
PNG Copper Inc. is pleased to announce the closing of brokered private placement offering . The Company, pursuant to the Private Placement, issued 3,480,000 units for gross proceeds of C$174,000.00. In connection with the closing of the Private Placement, the Company paid a cash fee of C$15,660.00 and issued 348,000 non-transferable broker warrants [...]
PNG Copper Inc. announces the grant, pursuant to its Stock Option Plan, of options to an eligible employee to purchase a total of 300,000 Class A common shares, exercisable in whole or in part on or before October 30, 2024, at an exercise price of $0.10 per share. About PNG Copper Inc. PNG Copper Inc. is a mineral exploration company focused on [...]
