Finders reports excellent assay results from Jambi gold-silver project

Australian mining firm Finders Resources Limited reported on Monday that Excellent assay results have been received from resource drilling at the Jambi oxide gold deposit at the Ojolali gold-silver project.

Eighty-nine (89) reverse circulation (RC) drill holes have been completed for a total of 7,705m of drilling, with assays received from the first fifty holes.

The drilling program has been extended to reflect new discoveries of high grade gold and silver mineralisation found adjacent to the established resource envelope and is forecast to be completed by mid-March leading to a revised Mineral Resource estimate in April, the company said.

The RC drilling program at Jambi was originally designed based on 25m x 25m drill centres for approximately 5,000m of drilling. The objective was to better define interpreted high grade zones within the existing Inferred Mineral Resource estimate of 3.2 Mt @ 1.0 g/t Au, 6.9 g/t Ag at a 0.5 g/t Au cut-off (including mining dilution) and to upgrade the Mineral Resource estimate to the Indicated category.

Assays from the drilling confirm the continuity of high grade zones within a broader lower grade oxide gold resource.

Finders, listed on AIM and ASX, is the operator of the Ojolali Gold-Silver Projects with 72 percent stake.(denny)