Augur finds gold in Wonogiri

By Nur Azizah

Australian-listed firm Augur Resources Ltd has reported a further nine drill hole results from the Wonogiri gold/copper project in Central Java.

The latest diamond drill holes, including WDD045 which intersected two broad zones of mineralisation and has a cumulative length of nearly 400 metres, indicate that mineralisation at the Randu Kuning porphyry deposit widens at depth and significant gold and copper mineralisation extends from surface to a depth of over 420 meters

Randu Kuning porphyry prospect significant results:
Hole WDD045: 289.0 metres at 0.68 g/t gold equivalent from 156.0 metres depth including 17.0 metres at 1.46 g/t gold equivalent from 225.0 metres depth; and- 91.0 metres at 0.51 g/t gold equivalent from 474.0 metres depth.

Hole WDD048: 88.0 metres at 0.82 g/t gold equivalent from 96.0 metres depth; and- 24.0 metres at 0.58 g/t gold equivalent from 189.0 metres depth; and 96.0 metres at 0.52 g/t gold equivalent from 224.0 metres depth.

The mineralisation remains open at depth and interpretation of the current geological data suggest mineralisation may extend further south than currently defined by drilling.

Holes WDD045 and WDD048 were drilled to target the western edge of the mineralisation at Randu Kuning. Hole WDD045 was drilled on the same section as WDD003, WDD007 and WDD009. Both WDD007 (107 metres @ 1.09 g/t gold equivalent and 68 metres at 0.71 g/t gold equivalent) and WDD009 (123.0 metres at 0.98 g/t gold equivalent and 52.1 metres at 0.99 g/t gold equivalent) both ended in mineralisation.

Both WDD045 and WDD048 were successful in defining the western boundary of the mineralisation and this information will be utilised in the deposit modelling and JORC compliant resource estimation.

Augur is aiming to complete a JORC compliant resource estimation during the second quarter of 2012.

Additional anomalous gold and silver zones were detected at a number of regional epithermal targets including:
- Hole WDD044 - 3.0 metres at 1.31 g/t gold and 24.3 g/t silver from 68 metres, including 1.0 metre at 2.68 g/t gold and 48.2 g/t silver from 69.0 metres;
- Hole WDD041 - intersected a number of mineralised zones including 3.0 metres at 0.48 g/t gold and 7.1 g/t silver from 149.0 and 2.0 metres at 0.93 g/t gold from 206.0 metres.

These regional holes are part of a first pass drilling program aimed at locating gold and silver associated with epithermal mineralisation in the immediate areas surrounding the Randu Kuning porphyry.

These results are extremely encouraging as they support the model that further mineralisation exists in the northern zone of the Wonogiri project.

Overall, the current drilling results continue to highlight the significant presence of gold and copper mineralisation within the Wonogiri project area.

The focus of current known mineralisation is within a 1,300 metre corridor of magnetic anomalies and gold + copper + silver rock, soil and trench anomalies.

At Randu Kuning, the drilling is indicating a significant gold and copper porphyry system with potential additional mineralisation at depth and to both the north and south of the current drilling.

Editing by Er Audy Zandri