Augur: Surveys identify drill targets on Toluludu prospect

By Ruli Setiawan

ASX-listed Augur Resources Ltd announced Wednesday that completed surface mapping and geophysics at the Toluludu prospect, which is one of the company?s Gorontalo properties, located on Sulawesi Island, has identified several targets for initial drill testing before the end of the year.

Within the Toluludu prospect, Augur focused on the Molalahu and Toluludu East targets for additional detailed mapping and drill hole target definition, the company said in a statement.

?In order to better understand geological controls of the areas of interest identified from surface mapping and sampling, a program of ground magnetics was completed by PT Geoservices of Bandung, using a GSM‐19 proton magnetometer,? the statement said.

At the Molalahu target area, a 28.8 line kilometer survey was completed along lines 100 meters apart with in‐line readings taken every 12.5 meters. A smaller survey of approximately 4.4 line kilometers was completed over the Tolulu du East target area with lines completed 50 meters apart with in‐line readings at 12.5 meters.

Both surveys defined high magnetic anomalies coincident with mapped zones of mineralization and alteration. The defined magnetics targets will be tested by a scout drill program to start during this year.

Toluludu IUP
Previous exploration in the property area was conducted by PT Tropic Endeavour Indonesia (1971), BHP‐Utah (1980) and Newcrest (1993). In 2011, MMG Exploration Pty Ltd (?MMG?) completed initial prospecting, and rock/stream sediment sample collection. This work identified 3 prospect areas identified as Molalahu, Toluludu East and Tiluti representing porphyry‐type, epithermal‐type and skarn‐type mineralization respectively.

Mapping at Molalahu has defined a 1,400 by 860 meter area of exposed stockwork‐type quartz + magnetite veins coincident with potassic‐type alteration. Previous sampling by MMG reported mineralised rock‐chip samples including: 1.72% copper (Cu), 0.27 g/t gold (Au) and 12.4 g/t silver (Ag) at Molalahu. At the Toluludu East target, mapping by Augur has identified, narrow (<1 metre) structurally‐controlled quartz‐sulphide veins with rock‐chip samples returning up to; 8.69 g/t Au, 370 g/t Ag, 4.4% Cu and 0.73% zinc (Zn), effectively confirming previous sample assays by MMG.

Toluludu East Prospect
Previous reconnaissance mapping by MMG identified several narrow (<1m) quartz veins containing locally abundant sulphide mineralization. Samples collected by them indicated significant gold with individual rock chip samples assayed up to 10.6 g/t Au. Detailed mapping in this area by Augur identified nominal extensions to the veins and better defined the structural controls of the veins. Rock chip samples collec ted by Augur confirmed the gold bearing nature of the veins and also locally enriched silver and copper. The veins are interpreted as intermediate sulphidation epithermal type as suggested by the abundance of sulphides, including arsenopyrite.

Editing by Reiner Simanjuntak