Augur reports diamond drill results from Wonogiri project
Tuesday, April 17 2012 - 03:33 AM WIB
Australian-listed firm Augur Resources Ltd. has reported a further 2 diamond drill hole results from the Wonogiri gold/copper project in Central Java.
The company said in a press statement on Tuesday that WDD050 intersected a 104.1 meter interval of 1.08 g/t gold and 0.25% copper (104.1 meters at 1.53 g/t gold equivalent) from 106.0 meters depth at the Randu Kuning porphyry prospect. This interval included 32.0 meters at 1.66 g/t gold, 0.3 3% copper and 1.7 g/t silver from 164.0 meters (32.0 meters at 2.25 g/t gold equivalent).
The Hole ended in mineralization with the final 2.1 meter sample returning 0.91 g/t gold and 0.17% copper.
Hole WDD050 was drilled to test the eastern edge of the Randu Kuning porphyry zone updip of hole WDD045 (289.0 meters at 0.68 g/t gold equivalent). The mineralization in hole WDD050 appears to be part of a central higher grade gold zone.
Hole WDD049 was drilled to locate the western edge of the mineralized system. This hole located mineralization further west than previous drilling and suggests further widening of the mineralized system with depth. The hole finished in mineralization with the final 2.0 meters returning 1.17 g/t gold and 0.44% copper.
These drill holes have been successful in further defining significant mineralization at Randu Kuning and this information will be utilized in the deposit modelling and JORC compliant resource estimation.
?The drilling at Randu Kuning has indicated a significant gold and copper porphyry system with potential of additional mineralization at depth and to both the north and south of the current drilling.
Augur is currently focused on completing a JORC compliant resource estimation of the gold and copper mineralization at Randu Kuning. This resource estimation is expected to be completed during the second quarter of 2012.
Editing by Benget Besalicto Tnb.