From GlobeNewswire: 2025-02-13 16:53:00

Island Passage Exploration Limited (IPX) has been exploring the Isina exploration license (EL02) in Papua New Guinea with partner Isina Resource Holdings Ltd (IRHL). In 2024, IPX completed extensive mineral exploration programs and announced the commencement of the 2025 exploration campaign. Key highlights include financing of USD $2.5 million and the discovery of high-grade gold-silver-copper vein systems. The 2025 campaign will focus on defining advanced targets for drilling.

The 2025 exploration campaign is set to complete first pass sampling and improve sample density in key areas. Four high priority targets have been identified: Isina, Enara, Tanka, and Marai. IPX plans to drill test several of these targets in Q3 and Q4 of 2025. Co-Founder and CEO of IPX, Donald McInnes, highlighted the successful 2024 exploration campaign, stating it was the most significant program on Bougainville since the 1970s.

Isina Resource Holdings Ltd. (IRHL) has been instrumental in opening up the Isina exploration license for exploration for the first time in Bougainville’s history. With promising results so far, IRHL and IPX are confident in making a significant discovery in 2025. The partnership between the companies has been crucial for economic sustainability and community development in the region.

Island Passage Exploration Ltd. is a Canadian company founded in 2022 to drive exploration and development on Bougainville in partnership with indigenous landowners. The company aims to conduct responsible resource development and has a strong track record of success in similar ventures. Island Passage Development Ltd. is the PNG company owned by IPDC to carry out exploration on EL02.

For further information, visit islandpassage.ca or contact CEO Donald McInnes at [email protected]. Figures and photos accompanying the announcement provide detailed maps and visuals of the exploration efforts on EL02.



Read more at GlobeNewswire: Island Passage Exploration Summarizes 2024 and Launches