Augur Resources reports drilling results at Randu Kuning

Australian-listed firm Augur Resources Ltd announced on Friday the report results for diamond drill hole WDD016 from the Randu Kuning prospect, Wonogiri project in Central Java.

Hole WDD016 was drilled to test for further mineralisation down dip of hole WDD008 (222.0 metres at 0.95 g/t gold and 0.2% copper). Hole WDD016 is located approximately 54 metres west of hole WDD008.

Hole WDD016 intersected three zones of mineralisation. The shallower zone returned 123.0 metres at 0.61 g/t gold and 0.14% copper from 76 metres. This zone included 6.0 metres at 2.02 g/t gold and 0.3 9% copper. A second zone of 23.0 metres at 0.24g/t gold from 209 metres while a third zone of 44.0 metres at 0.55 g/t gold exists from 264 metres depth.

Mineralisation in hole WDD016 is associated with quartz stock working and as disseminated mineralisation within a mirco-diorite. Hole WDD016 passed through a zone of intense quartz which generally returned relatively low gold results. Geological modelling and assessment of this zone will occur over the next few months.

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 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)