Augur finds significant gold-copper intersection at C. Java project
Monday, June 20 2011 - 01:47 AM WIB
Hole WDD007 was drilled approximately 80 metres west of hole WDD003 (22.5 metres at 0.67 g/t gold and 0.18% copper from surface) within the Randu Kuning prospect.
WDD007 intersected a very broad zone of anomalous gold +/- copper from surface including zones of 60.0 metres at 0.85 g/t gold and 0.30% copper and 17.0 metres at 0.53 g/t gold and 0.26% copper (based on a cut-off of 0.3 g/t gold or 0.3% copper with a maximum 2.0 metres of internal dilution).
Using no cut-off the hole returned 215.0 metres at 0.48 g/t gold and 0.17% copper and potential remains for further mineralisation below this depth.
?This is significant as it indicates the zone of anomalous gold +/- copper may be increasing in width with depth. Mineralisation remains open to the north, south, west and at depth. A further hole west of WDD007 is being planned to test the western boundary of the mineralised zone and down dip of WDD007,? the company said.
Results for holes WDD002 and WDD006 have also been received.
Hole WDD002 is situated on the eastern side of the Randu Kuning trenching anomaly and approximately 24 metres east and 15 metres north of hole WDD004 (37.5 metres at 1.21 g/t gold and 0.44% copper) and 62 metres east and 15 metres north of hole WDD006. Hole WDD002 returned 47.0 metres at 1.28 g/t gold and 0.26% copper from surface, including 5.0 metres at 1.85 g/t gold and 0.18% copper from surface.
Hole WDD006 returned several zones of mineralisation including 37.5 metres at 0.65 g/t gold and 013% copper from surface and 48.0 metres at 1.45 g/t gold and 0.26% copper from 49.5 metres. These results highlight the board nature of the near surface gold and copper mineralisation which may have significant cost benefits in the event of large scale mining at Wonogiri.
Mineralisation within the porphyry at Randu Kuning is contained within extensive stock working and sheeted veins hosted within a micro-diorite and as disseminated copper +/- gold within the mirco-diorite body itself.
A second drill rig is expected to arrive on site before the end of June. This rig will be used to further define mineralisation at Randu Kuning and to test additional targets identified withfn other prospects at Wonogiri.
Sampling of core for preliminary metallurgical testing has commenced.
An ongoing trenching program within the Wonogiri project will continue to test areas of mineralised vein systems identified by PT Oxindo and Augur. Results from this trenching will be used to further develop drill programs to test these additional prospects. (romel)