Augur Resources intercepts gold zones at Jampang project

ASX-listed Augur Resources said its latest drilling at the Jampang project in south west Java has shown encouraging results with a number of significant gold zones intercepted.

The results were based on 32 shallow (generally 100 meters depth extent or less) reverse circulation drill holes.

Drilling occurred at the Puteran Simpang and Pasir Keusik South prospects. Holes JARC109 to JARC117 were focused on the main Puteran Simpang mineralized zone.

?These holes, with the exception of JARC111, intersected multiple quartz veins with associated gold and silver mineralization,? it said.

Best results in this zone were in JARC110 which intersected a series of quartz vein systems which returned 16.0 meters at 1.96 g/t gold and 3.1 g/t silver from 15 meters depth, a further 2.0 meters at 1.62 g/t gold and 5.3 g/t silver from 39 meters and a further 1.0 meter at 1.54 g/t gold and 3.1 g/t silver from 70 meters.

Holes JARC112 and JARC113 also contained anomalous copper mineralization.

Mineralisation at Puteran Simpang occurs along a north-west trending fault corridor.

Holes JARC118, JARC119 and holes JARC123 to JARC127 tested an area to the west of Puteran Simpang. This drilling intersected some elevated silver, with JARC127 intersecting 1.0 meter at 1.83 g/t gold and 23.7 g/t silver from 40 meters, while hole JARC123 intersected 1.0 meter at 2.90 g/t gold and 15.8 g/t silver from 41 meters and a further 1.0 meter at 0.81 g/t gold and 19.4 g/t silver.

These results, whilst encouraging, also highlight the potential for additional mineralization outside the known areas.

In Pasir Kuesik South, mineralization of note was intersected in holes JARC137 and JARC139. JARC139 intersected 5.0 meters at 0.74 g/t gold and 3.3 g/t silver from 106 meters, while hole JARC 137 intersected a narrow zone of 2.0 meters at 1.05 g/t gold and 15.2 g/t silver from 56 meters.

These zones may be northern extensions of the Lipi mineralization, it said. (romel)