Patrick Highsmith, IPX President and Co-Founder, commented on the ongoing work program, “We believe the exploration results from the EL02 Project are highly significant because of the scale, grade, and style of copper-gold mineralization we are encountering. We have two large scale anomalies where coincident geophysical anomalies, copper-gold-molybdenum geochemistry, favorable structural intersections, and intense alteration and veining are aligned. Considering the prospectivity of Bougainville Island for gold-rich copper deposits, features such as the Bara-Tangka and Enara targets can’t be ignored. After initially discovering isolated high-grade copper-gold-molybdenum veins, we are bringing both targets into better focus with soil grids covering almost 18 km² of previously unexplored ground. The strong soil anomaly near Tangka covers more than 3 km², so we have commenced trenching in the heart of these large anomalies. These targets include both high-grade veins and disseminated copper, gold, and molybdenum. Potentially economic grades of porphyry-style mineralization are exposed at surface near Bara, where recent trenches have exposed more of the same style of alteration and mineralization. We are prioritizing assays from both trench and soil samples from key areas to delineate priority drill targets for later this year.”