Mt Penck Project

Mt Penck is the principal Vangold (PNG) Ltd property

More than 100 holes totalling over 7,500m have been completed with intervals such as 72m at 1.79g/t gold, 2m at 36.7g/t gold and 43m at 2.35g/t gold. Bulldozer trenching has yielded results such as 40m at 8.89g/t gold, 97m at 3.39g/t gold and 5m at 60g/t gold.

The Mt Penck property is in West New Britain Province, Papua New Guinea. Access to the property is usually by road from the provincial capital of Kimbe. The property is within a few kilometres of the coast.

Mt Penck is an eroded strata-volcano with gold mineralization associated with an intrusive complex. The company has identified a 4 square kilometre arsenic/gold geochemical anomaly within the 100 square kilometre license. Most of the license is yet to be explored.

A large drilling programme was completed in 2009.

A 3D-IP ground geophysics grid survey was completed in 2010.

Readers are advised to refer to the Press Release and Technical Report Sections of this web-site for complete information including detailed drill and trench results.

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