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South Pacific Metals Highlights Ontenu NE Project Key Drill Results; Octavio Garcia appointed Exploration Manager

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South Pacific Metals (SPMC.V) said on Wednesday that results from the maiden drill program at its Ontenu NE project in Papua New Guinea confirmed gold mineralization in five of the seven holes drilled.

The company cited high-grade intercepts on the K92 corridor: at the Onki zone (peak 9.92 g/t gold re-assay, 2.35% copper) and Jorkol zone, assaying 3.16 g/t gold, 0.62% Cu, 96 g/t Ag with 602 parts per million bismuth). It said mineralization confirms it is drilling within a mineralised hydrothermal system and added ongoing drilling will target the productive, high-grade parts of the veins.

Wednesday's statement noted seven holes for 2,266 metres have been completed to date within the wider Osena Project area on the Kainantu Transfer Zone, the same regional structural corridor that hosts K92 Mining's (KNT.TO) producing Kainantu gold-copper mine. Assays have been received for six holes; the seventh is pending. Holes 8 and 9 are currently being drilled.

South Pacific also appointed Octavio Garcia as exploration manager, who will be responsible for geological and exploration supervision across the company's projects. He has 30 years of mineral exploration experience, including in Papua New Guinea, with prior roles at Mt Isa Mines, Barrick (ABX.TO) and Xstrata.

South Pacific Metals shares closed up $0.02, to $0.495 on Tuesday on the TSX Venture Exchange.

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