Golden Birch Outlines Key Targets at Keveri Project including Exploration Results for Flagship Omu Prospect

Golden Birch Outlines Key Targets at Keveri Project including Exploration Results for Flagship Omu Prospect

TIMMINS, Ontario, March 12, 2020 (GLOBE NEWSWIRE) — Golden Birch Resources Inc. (CSE:GBRX) (“Golden Birch” or the “Company”) is pleased to announce key copper-gold targets at the Keveri Project, located 200 kilometres southeast of Port Moresby, Papua New Guinea (“PNG”), including exploration results for the Company’s flagship Omu Prospect.Highlights:Most copper-gold targets at Keveri located proximal to intersection of northeast-southwest transverse structures and arc parallel northwest-southeast fault zones within the Papuan Mobile Fold BeltTargets include the Company’s flagship Omu Prospect and Waki, Daru/Araboro & Everi ProspectsTargets contain copper (and some gold) mineralization at surface and all are untested by drillingTargets show hydrothermally altered porphyry intrusions and porphyry related alteration zonesExploration by the Company at Omu Prospect yields multiple potential drill targets with coincident geological, geochemical and geophysical anomaliesDrill hole targeting in progress at Omu Prospect – future announcement to provide detailsExploration results to be provided in future announcements for Waki, Daru/Araboro & Everi Prospects.Alan Martin, President & Executive Director of Golden Birch states: “We are very excited with the exploration results across the Keveri Project, and at our flagship Omu Prospect. Our exploration program in late 2018 and early 2019 at Omu has delivered anomalous and coincident results from geological mapping, geochemical sampling and geophysical surveying. This will enable us to best locate drill holes to test these targets beneath the surface. We also have anomalous copper and gold results for two new discoveries within the Keveri Project – Waki and Everi – with these results to be provided in future news releases.”https://www.globenewswire.com/NewsRoom/AttachmentNg/754b194a-dc77-49e0-b1e2-4ee49a2c0f68Figure 1: Copper and gold deposits of PNG (table in bottom left of figure), with the location of the Keveri Project within the Papuan Mobile Fold Belt. The Company only has an interest in the Keveri Project. Source data for the deposits provided in Appendix 4. Mineralization hosted on adjacent and/or nearby properties and operations is not necessarily indicative of mineralization hosted at the Keveri Project.https://www.globenewswire.com/NewsRoom/AttachmentNg/9e1be59b-54f5-4f02-a53b-15ff82d044b2Figure 2: Satellite Image of Keveri Project. The Owen Stanley & Keveri Fault Zones are northwest-southeast “arc parallel” structures of the “Papuan Mobile Fold Belt” or “New Guinea Fold Belt”. Known porphyry copper deposits in the Papuan Mobile Fold Belt are located proximal to the intersection of these structures (Figure 1 and Appendix 4). The Keveri Project (approximate location outlined in blue) has multiple transverse structures associated with the Dimidi Trend (Papuan Minerals Ltd, Exploration Report, D. Lindley, January 2018) which intersect these arc parallel faults.https://www.globenewswire.com/NewsRoom/AttachmentNg/28cc9dbc-1f0d-4a9e-a2b7-beaf48337b47Figure 3: Copper-gold targets within the Keveri Project being explored by Golden Birch. Omu is the flagship prospect for the Company and denoted with a larger red dot symbol.Exploration Work Completed by Golden Birch at Keveri Project late 2018 and early 2019
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