Northwire Canada EditionTuesday, September 15, 2026
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GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
Drill Results

South Pacific Metals Corp Announces Start of Drilling Program at Ontenu Northeast

By The Northwire Desk — AI Analysis Oct 30, 2025 · 12:26 SPMC · 0.65 South Pacific Metals Corp.
SPMC · Price

Executive Summary

  • South Pacific Metals Corp. announced the start of its maiden drilling program at the Ontenu Northeast prospect, part of the Osena project in Papua New Guinea.
  • The program will test newly identified surface mineralised structures that have returned high-grade Au‑Ag‑Cu assays (up to 13.9 g/t Au and 645 g/t Ag).
  • Four to six drill holes (~1,500 m total) are planned through the end of the 2025 field season, targeting depths of 100–250 m to intersect potential epithermal Au‑Cu veins.

Key Details

  • Project Location: Ontenu Northeast prospect within the Kainantu Transfer Zone, Osena project area, PNG.
  • Target Geology: Northwest‑trending mineralised structures previously identified in September and October 2025 releases; surface samples show up to 3.95 g/t Au, 645 g/t Ag, 1.56 % Cu over a 6 m interval.
  • Additional Targets: Five other structures with chip assays up to 13.9 g/t Au and 388 g/t Ag will also be tested.
  • Drilling Plan: 4–6 holes, total ~1,500 m of core, scheduled to complete by the end of the 2025 field season.
  • Depth Objectives: First hole expected to intersect target structures between 100 m and 250 m depth; subsequent holes will further test these and additional structures.
  • CEO Comment: “The drill program marks a major milestone for South Pacific… The whole team is excited to start drilling these holes, aimed at testing the deeper parts of these mineralised structures for high‑grade epithermal Au‑Cu veins.” – Timo Jauristo, CEO.

Notable Quotes

  • Timo Jauristo, CEO: “The drill program marks a major milestone for South Pacific. Ontenu Northeast has not been drilled before… The first drill hole is planned to intersect several of these structures at depths between 100 m to 250 m.”
Read the original news release →

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South Pacific raises C$15m to fund high-grade Ontenu and Kili Teke exploration through 2027.

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Drill Results Jul 06, 2026 · 07:31

South Pacific’s megabe step-out delivered multiple high-grade hits, though missing true widths and qualified parameters limited the results.

Drill Results Jun 25, 2026 · 18:09

South Pacific Metals advances Kili Teke exploration in Papua New Guinea as part of a broader portfolio drilling initiative.

Drill Results