Northwire Canada EditionMonday, August 3, 2026
Northwire
SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% NCF 0.295 +0.0% S 0.140 +0.0% BNKR 4.40 +0.0% QRO 0.045 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% NCF 0.295 +0.0% S 0.140 +0.0% BNKR 4.40 +0.0% QRO 0.045 +0.0%
Drill Results

Sankamap conducts prospecting, mapping at Fauro

SCU · Price

Executive Summary

  • Sankamap Metals Inc. released an exploration update for its 24,000-hectare Fauro property in the Solomon Islands, highlighting significant gold and copper potential at the Meriguna and Kiovakase targets.
  • Recent sampling at the Kiovakase target returned high-grade copper values up to 4.09% Cu, supporting the potential for a porphyry system, while Meriguna shows strong continuity with historical and recent high-grade gold intercepts.
  • The company is preparing for a 2026 drill program to validate historical results and test extensions of mineralization, leveraging the property's location on a prolific copper-gold trend similar to the Lihir and Panguna deposits.

Key Details

  • Fauro Property Location: 24,000 hectares in the Shortland Islands, Western Province, Solomon Islands.
  • Meriguna Target Historical Data:
    • Drill intercepts: Up to 35 metres grading 2.08 grams per tonne gold (g/t Au).
    • Trench results: 8 metres at 27.95 g/t Au.
    • Rock samples: Values up to 173 g/t Au.
    • Active local alluvial mining provides evidence of near-surface gold mineralization.
  • Kiovakase Target Recent Sampling:
    • Gold values: Up to 19.25 g/t Au.
    • Copper values: Up to 4.09% Cu (highest copper grades reported to date on the Fauro property).
    • Location: Approximately 2.5 km south of Meriguna.
  • Geological Context:
    • Targets are situated along the rim of an ancient volcanic caldera.
    • Property shares tectonic and geological features with major deposits: Lihir (71 million ounces gold) and Panguna (19.3 Moz Au plus 5.3 Mt Cu).
  • Exploration Methodology:
    • 15 preliminary grab samples collected at Meriguna to validate historical surficial assay results.
    • Sample analysis completed at ALS Global in Brisbane, Australia, using four-acid digestion and fire assay techniques (Au-AA26).
  • 2026 Exploration Plan:
    • Continuation of systematic sampling to validate historical surface results.
    • Follow-up geophysical surveys to target signatures characteristic of porphyry and epithermal systems.
    • Focused drill program aimed at confirming historical intersections and testing extensions open at depth and along strike.

Notable Quotes

  • "Sankamap is actively advancing two significant mineralized systems within its 100-per-cent-owned Oceania project. Both the Kuma and Fauro projects demonstrate strong potential for significant gold and copper mineralization." — John Florek, CEO
  • "Recent sampling at the Kiovakase target has yielded high-grade gold values of up to 19.25 g/t Au, together with standout copper values reaching 4.09 per cent Cu... representing the highest copper grades reported to date on the Fauro property and supporting potential for a porphyry system at depth." — John Florek, CEO
Read the original news release →

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