Augur appoints new managing director
Friday, August 8 2014 - 02:43 AM WIB
ASX-listed Augur Resources Ltd announced Friday the company has appointed Justin Werner as its new Managing Director.
Justin Werner has been a director of Augur since December 2010. Based in Indonesia, he has overseen the re-capitalization of the company, the re-commencement of exploration at the Wonogiri gold and copper project and the acquisition from MMG Limited of an 80 percent interest in the Gorontalo gold and copper properties, the company said.
The Wonogiri project covers a highly prospective 3,928 hectares in central Java. The project lies within the tectonically complex Sunda-Banda Magmatic Arc which is characterized by multiple phases of volcanic activity and extensive deformation. Significant gold and copper mineralization is found along this arc including some of the world?s largest copper and gold deposits.
Augur holds a 45 percent economic interest in the Wonogiri license.
Editing by Reiner Simanjuntak