Prosperity completes six-hole drill program at Aceh prospect

ASX-listed metal exploration firm Prosperity Resources Limited announced Friday that it has completed a six-hole program at the Panton Luas Copper-Gold Prospect in Aceh.

The initial program of drilling (200-250 metres deep) at Panton Luas was completed using two shallow capacity Drillcorp diamond drill rigs.

Panton Luas is one of 8 key prospect areas delineated from exploration to date including six porphyry intrusive centres, the company said.

An ongoing drilling program is anticipated on a number of additional targets defined by Prosperity to date in the vicinity of Panton Luas.

Prosperity controls a 410km2 contiguous tenement position along a 60 km structural corridor to the west of the Sumatra Fault considered highly prospective for gold/copper mineralisation. A helicopter borne magnetic survey completed in the latter part of last year identified several possible porphyry centres high grade skarn occurrences that are the current focus of exploration, the company said.

Prosperity has completed a program of six diamond drill holes at its Panton Luas Project area in southern Aceh. The program was designed to test the extent of recognised gold mineralisation being exploited by local artisanal miners.

Prosperity has right to earn 73 percent of the Panton Luas Project. (alex)