Finders reports encouraging step-out drilling results at Lampung gold project

UK miner Finders Resources Ltd said on Wednesday initial results from step-out drilling program at its 72 percent owned Ojolali gold project in Lampung province intercepted a wide zone of near surface gold and silver mineralization including significant high grade zones at the Batu Kuning prospect immediately to the south of the Jambi prospect.

The company said drilling at Jambi intersected bonanza silver grades adjacent to the existing Jambi oxide gold resource and assays suggested potential for significant base metal credits at Tambang

?The wide zone of near surface gold-silver mineralization at Batu Kuning demonstrates the potential for discovery of substantial additional resources at Ojolali, and strongly supports Finders development concept, based on a start-up operation based on the ~150,000 oz Au Jambi oxide resource, which can then be expanded to treat material from additional discoveries and known resources at the Tambang vein. The discovery of very high silver grades underlying the Jambi resource further adds to the potential of the project,? the company said.(alex)