St Barbara (ASX: $SBM) announces gold results from Pigibo resource definition drilling program at Simberi Operations in PNG

St Barbara Limited (ASX: $SBM) has announced the receipt of assay results for the resource definition drilling of the Pigibo portion of the 31 hole, 7,500-metre diamond drill program at the Simberi Operations in Papua New Guinea. The company completed eight resource definition drill holes for 1,492.3 m, yielding significant gold intercepts, including SDH550 with 40 m @ 3.1 g/t Au from 21 m, and SDH532 with 21 m @ 2.7 g/t Au from 54 m.

Executive Commentary on Pigibo Resource Definition Drilling Program

Hole SDH550 intersected 40 m at 3.1 g/t Au from 21 m, including 24 m at 4.4 g/t Au from 37 m, and is another very encouraging broad intercept from within the current Mineral Resource. Hole SDH532 intersected 21 m @ 2.7 g/t Au from 54 m, including 10 m @ 4.6 g/t Au from 63 m and hole SDH536 intersected 36 m @ 1.7 g/t Au from 97 m, including 6 m @ 5.6 g/t Au from 113 m. These drilling results won't be included in the Mineral Resource and Ore Reserve update currently underway, but they would be included in subsequent updates. We believe significant potential remains for defining additional sulphide ore.

Summary of Pigibo Resource Definition Drilling Program

St Barbara Limited (ASX: $SBM) has reported significant gold intercepts from the Pigibo resource definition drilling program at the Simberi Operations in Papua New Guinea. The company completed eight resource definition drill holes for 1,492.3 m, with notable intercepts including SDH550 and SDH532. The drilling program, which is part of the FY24 Simberi sulphide resource definition drilling program, has shown promising results, indicating the potential for defining additional sulphide ore. The company anticipates subsequent updates to include these results, and the exploration component of the drilling program is 85% complete, with further assay results expected by September 2024.