LOCATION

The Paraso Project is located on Vella Lavella Island in the Western Province of the Solomon Islands. Vella Lavella Island is part of the New Georgia Islands Group, approximately 2 hours flight time form Guadalcanal and Honiara, the Capital city of the Solomon Islands. See our location map.

EXPLORATION

The Paraso Project is centred on the Nonda volcanic complex which has suffered sector collapse (similar to Lihir) along the Paraso Graben (a major crustal structure). Extensive high level hydrothermal alteration occurs within the graben over an area of >15km2 which contain active geothermal hot springs. See Paraso Project Map.

Previous exploration within the hydrothermal system highlights potential for epithermal style high grade gold and silver mineralisation. Highlights from the work to date on the project include:

• Rock chip float sampling (Magnum Resources) maximum result from previous exploration of 35g/t Au and 426g/t Ag
  
• Previous limited drilling (Magnum Resources) returned highlights of 102m at 0.2 g/t Au
  
• Initial reconnaissance sampling by XDM Resources returned a result of 3.95 g/t Au and 179 g/t Ag from a new logging road exposure

Exploration by XDM Resources will focus on targeting epithermal style high grade gold mineralisation with the broad hydrothermal system as well as adjacent structural targets identified in the airborne magnetic data.

The Paraso hydrothermal system displays strong structural control and exhibits metal and alteration typically of SW Pacific gold epithermal systems.