Augur reports drilling results from C. Java gold project
Wednesday, July 27 2011 - 02:19 AM WIB
Australia-listed firm Augur Resources Ltd reported Wednesday the gold results from the first 239 metres of hole diamond drill hole WDD010 from the Randu Kuning prospect, Wonogiri gold project in Central Java.
Hole WDD010 was drilled approximately 63 metres west of hole WDD005 (105.5 metres at 0.95 g/t gold and 0.24% copper from 14 metres depth) within the Randu Kuning prospect. WDD010 tests the down dip extension of hole WDD005.
WDD010 intersected a broad gold mineralised zone from 35 metres depth which includes 133.0 metres at 1.52 g/t gold from 50 metres depth. This zone is associated within extensive stock working and sheeted veins hosted within a micro-diorite. A further zone of 27.0 metres at 1.68 g/t gold was intersected from 212 metres. This second zone remains open at depth.
Data from local geology and recent drilling indicates that the mineralisation at Randu Kuning is related to a near vertical gold-copper porphyry within a large eroded volcanic centre, possibly related to a northward migrating Oligocene to Miocene volcanic Arc. A number of significant porphyry deposits (+/- associated epithermal mineralisation) sit along this zone including Newmont Mining Corporation?s operation at Batu Hijau (914Mt at 0.53% Cu and 0.40 g/t gold), Newmont?s Elang deposit on the island of Sumbawa and Intrepid Mines Tujuh Bukit (990 Mt at 0.40% copper and 0.45 g/t gold) in eastern Java.
Mineralisation within the porphyry at Randu Kuning is contained within extensive stock working and sheeted veins hosted within a micro-diorite and as disseminated copper +/- gold within the mirco-diorite body itself.
A second drill has commenced on site. Drilling along strike is currently underway and preparations have commenced for a third rig to test the shallow epithermal targets in the Wonogiri North area.
Preliminary metallurgical testing has commenced on the porphyry mineralisation at Randu Kuning.
An ongoing trenching program within the Wonogiri project will continue to test areas of mineralised vein systems identified by PT Oxindo and Augur. Results from this trenching will be used to further develop drill programs to test these additional prospects. (romel)