Augur intersects further gold, copper at Jampang project

Australia-listed firm Augur Resources Ltd reported Monday further results from 39 shallow (generally 100 metre depth extent or less) reverse circulation drill holes have been received from the Jampang gold project in south west Java.

Drilling of targets proximal to the Lipi gold-copper mineralisation at Jampang have returned encouraging results with a number of significant gold zones intercepted.

Drilling occurred at Lipi East, Lipi West, Lipi North and Puteran Simpang.

At Lipi East, eight holes targeted an area immediate east of the Lipi zone where several zones of alteration have been identified. Best results from Lipi East was 8.0 metres at 1.85 g/t gold, 0.13% copper and 3.6 g/t silver from just 11 metres depth in hole JARC076. Potential remains for additional mineralisation directly to the north of hole JARC076.

At Lipi West results from five holes have been received. Significant mineralisation was intersected in one of the holes with JARC081 returning 14.0 metres at 0.83 g/t gold and 4.0 g/t silver from 77 metres depth. The drilling is too broad to determine if the, mineralisation is part of the same system previously identified at Lipi West (including JARC068 with 14.0 metres at 1.18 g/t gold and 0.98% copper and 22.8 g/t silver from 84.0 metres).

Lipi North which covers are area of approximately 300 metres north of the Lipi deposit continues to return encouraging results. Data for a total of 21 holes have been received with a number of holes having significant gold intervals including JARC093 which returned 24.0 metres at 1.90 g/t gold, 0.13% copper and 3.7g/t silver from 67.0 metres depth, JARC092 returned two mineralised zones including 10.0 metres at 2.57 g/t gold and 7.7 g/t silver from 44.0 metres and hole JARC099 which returned 12.0 metres at 3.53 g/t gold, 0.42% copper and 14.4 g/t silver from 57.0 metres.

Each of the six drill holes at Puteran Simpang intersected gold including JARC107 which intersected 3.0 metres at 5.65 g/t gold, 0.29% copper and 6.6 g/t silver from 77.0 metres and a further 15.0 metres at 3.30 g/t gold, 0.22% copper and 20.7 g/t silver from 94.0 metres.

The RC drill program has been wide spaced with the aim of testing regional targets. The success of this program has resulted in further drill holes being planned in the area to better define the mineralisation discovered. The results to date indicate that mineralisation is wide spread within the Jampang project area.

The RC drilling program has been completed at Jampang. The final hole in the program was JARC 140. Further assay results are expected shortly. Metallurgical testing continues on diamond core samples to test and define methods for extracting both gold and copper from the Lipi deposit.

Finalisation of the drilling and geological databases is underway, the company added. (romel)