Augur reports drilling results from C. Java gold project
Wednesday, September 21 2011 - 04:53 AM WIB
Hole WDD015 was drilled to test for further mineralisation to the north of the previously reported mineralisation at Randu Kuning. Hole WDD015 is located approximately 55 metres north of hole WDD012 (multiple gold zones including 28.0 metres at 0.64 g/t gold and 0.17% copper from 80 metres and 65.0 metres at 0,59 g/t gold and 0.14% copper from 111 metres).
WDD015 intersected a number of mineralised zones including 120.0 metres at 0.96 g/t gold and 0.21% copper from 69 metres depth and 26.0 metres at 0.43 g/t gold from 205 metres.
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.
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 (990Mt at 0.40% copper and 0.45 g/t gold) in eastern Java. (romel)