Augur intersects significant gold, copper zones at W. Java project

Australian-firm Augur Resources Ltd reported Monday that further results from 17 drill holes have been received from the reverse circulation (RC) drill program currently underway at the Jampang project in south west Java.

Drilling at the Lipi West prospect continues to return encouraging results with a number of significant gold zones intercepted. Significant gold and copper was intersected in hole JARC068 which is located in the northern portion of Lipi West, the company said,

This hole not only indicates that the Lipi West zone may extend further north than previously thought but also may contain significant copper. Previous results at Lipi indicated that the higher grade copper zones (> 0.5% copper) were contained solely in the Lipi zone. These results have now shown that copper mineralisation is more widely spread that previously thought, it said.

The zone to the north of JARC068 has not been drill tested.

Hole JARC054 was drilled to a depth of 84.0 metres. The final 6.0 metres of the hole returned 3.75 g/t gold and 0.13% copper. This hole will be extended in due course.

Hole JARC061 returned 3.0 metres at 5.19 g/t gold from 55 metres.

Holes JARC054, JARC061 and JARC068 are thought to have intersected mineralisation along strike of that drilled by Mispec in the 1990s where a drill hole reportedly returned 8.0 metres at 5.79 g/t gold from 114.0 metres depth. This mineralised zone has not been closed off along strike to either the north or south.

Drilling at Lipi West 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 fnineralisation discovered.

The first results from a single hole on the eastern edge of the Lipi zone, hole JARC069, have been received and indicates gold mineralisation prospectivity adjacent to Lipi with hole JARC069 intersecting 5.0 metres at 0.53 g/t gold from 73.0 metres.

Further drilling to the east of Lipi has been undertaking and the company is awaiting results.

RC drilling is currently focused on testing northern extensions of the main Lipi mineralisation. Metallurgical testing continues on diamond core samples to test and define methods for extracting both gold and copper from the Lipi deposit.

Augur has a 2 year option to purchase 90% of PT Golden Pricindo Indah, the company holding the licences covering the central Jampang gold project. (romel)