Factors Contributing to the Formation of the Giant Ladolam Gold Deposit, Lihir Island, PNG

The Ladolam gold deposit, located on Lihir Island in PNG, is one of the largest known epithermal gold deposits, with a resource of over 37 million ounces. The deposit is characterised by a telescoped porphyry-epithermal system 2-rich sulphidic hydrothermal fluids capable of transporting significant quantities of gold, and the sudden change from porphyry to pithermal conditions caused by removal of the volcanic edifice. As magmatic ore fluids breached the surface, cool surface waters (seawater and/or meteoric) acted as a diluent. Although no other deposit is known with comparable geological characteristics and size, positive features that may be looked for in exploration for other like-deposits elsewhere include magnetite-rich alkalic volcanic rocks, large carbonate haloes, and presence of phreatomagmatic breccias. New discoveries may be recessive or undercover, due to the quartz-poor nature of the alteration.