Geopacific Resources (ASX:GPR) will start drilling at its Woodlark gold development project in Papua New Guinea in May following the completion of the AU$40 million entitlement offer in January, according to a Tuesday filing with the Australian bourse.
Key contracts have been awarded, with earthmoving equipment and fuel supplies set to be shipped to Woodlark this month for the planned 30,000 meters of drilling to extend known mineralization and test new targets to increase mineral resources, the filing said.
Two rigs are set to start reverse circulation and diamond drilling in May, followed by a third in July, according to the filing.
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