Excellent gold and copper results from Aceh gold project: Prosperity
Thursday, July 8 2010 - 03:03 AM WIB
Prosperity has recently completed a grid-based, 1.1 kilometre long by 700 metre wide soil sampling program over the Jelatang prospect, in conjunction with rock-chip, trench and channel sampling and a ground magnetic survey, the company said
First drilling at Jelatang with two diamond core holes intersecting high copper/gold values with best intercepts of PNGD017: 17 meters @ 1.27g/t gold ending in mineralization and 0.7% copper and PNGD019: 14 meters @ 0.55g/t gold and 0.5% copper, it said.
Assays from rock chip samples at Jelatang produced excellent gold grades including 6.35 g/t, 5.88 g/t and 4.85 g/t gold and 1.36% copper.
The mineralisation is open to the northwest and southeast and extends outside the MMU license and into the newly granted Arus Tirta Power (ATP) IUP. The new IUP includes an old, shallow iron ore open-pit mine which may be a significant extension to the zone drilled. Further exploration is proposed on the newly acquired ATP IUP and if successful has the potential to extend the size of the mineralised zone considerably.
Anomalous gold and copper in soil, rock (grab) and trench sampling define a broad, northwest-orientated mineralised corridor at least 2 kilometres long.
Chairman, Mo Munshi said ?our licenses in Aceh continue to produce excellent results. The inaugural drilling program at Jelatang produced our best intercept to date in our Aceh tenement package and we are now even more excited about the potential of the area?.
The Jelatang Prospect is one of three intrusive centres in the Pinang-Pinang Project area located two kilometres southeast and along strike of the Pala prospect where copper/gold intersections have been returned from previous drilling. (kanti)