Cibaliung Project - West Java: Austindo quarterly reports
Thursday, October 19 2000 - 07:30 AM WIB
Exploration activity for the quarter focussed on diamond drilling to define extensions to the known mineralisation of the Cibitung Shoot. Eight holes were drilled (AC-008 to AC-015) for a total of 2,387.8 metres.
Significant vein intercepts (with no cut-off applied) include:
AC-010: 37.40m @ 6.20 g/t Au, AC-013: 29.55m @ 4.03 g/t Au,
AC-014: 10.25m @ 7.17 g/t Au, AC-015: 31.75m @ 4.20 g/t Au.
The Department of Mines & Energy has approved the renewal of the Cibaliung KP (Kuasa Pertambangan) KW96PP0019 (15,710 hectares) for a further 3-year exploration period until 12-May-03.
Approval was granted on 10-July-00 to incorporate a mining services company called PT. Cibaliung Sumberdaya to operate the Cibaliung project under a KP. The Deed of Establishment signed on 19-July-00.
Total exploration expenditure for the quarter was A$ 599,217.
For additional information contact Andrew Cooke, Company Secretary on:
Phone +61-2-9252-0400 or email management@austindoresources.com.au. (*)