Robust starts drilling program at N. Romang gold-silver project
Tuesday, July 5 2011 - 01:31 AM WIB
Significant IP anomalies have now been modelled in areas that have coincident soil geochemical and aeromagnetic anomalies. Along with prospective surface geology, the data all supports the model for a large-scale porphyry-style target.
The major IP anomalies are located within the Wyaru Prospect of the North Romang Project. They occur over a substantial proportion of the gridded area, have a north-south strike of 4.5 kilometres and are mostly open and strengthening at depth. The anomalies extend in depth to the limit of detection of the IP method, which is greater than 500 vertical metres.
Robust Resources Managing Director, Gary Lewis, commented: ?The outcome of the past twelve months of technical work on the northern area of Romang Island has culminated in some outstanding drill targets.
We have commenced a 5,000-metre diamond drill programme to test the results of the Induced Polarisation anomalies identified. We could not have hoped for more encouraging results.
?The aeromagnetic, IP, surface geology and soil geochemistry have collectively identified large and open anomalies which are interpreted to be sulphide targets, consistent with large-scale porphyry-style mineralisation.
?We are very encouraged by the potential demonstrated by this work, and remain well funded to thoroughly drill test the Romang North targets and to continue our aggressive resource definition and exploration drilling programme at our flagship Lakuwahi project,? Lewis added.
?At the Lakuwahi project, six rigs are currently undertaking an extensive infill drilling programme which is reinforcing the success of our previously announced drilling results. This infill drilling programme is essential to provide Robust with the necessary data needed to define our maiden JORC-compliant mineral resource estimate.
?The Lakuwahi mineralisation consists of an upper, gold-silver-rich blanket overlying extensive polymetallic sulphides rich in gold, silver, copper, lead and zinc: The company expects to release its first mineral resource estimate during the second quarter of FYI 2. This estimate will cover the profile of mineralisation including oxide-hosted precious metals and sulphide base metals and precious metals. Given the extensive targets as yet untested at Lakuwahi, and other targets on Romang Island, we consider the upcoming resources estimate to be, the culmination of only the initial phase of exploration there is plenty more to come. We are very encouraged by the results we are achieving from this current drilling programme which further confirms the potential of the Romang project,? Lewis added.
The large-scale IP anomalies further enhance the prospectivity of the North Romang project and were a key factor in determining the design of the recently commenced 5,000m diamond-drilling programme. (romel)