Finders reports update on Ojolali gold-silver project

London Stock Exchange-listed mineral explorer Finders Resources said Tuesday that it continued to find significant extensions of known vein systems through ongoing geophysical surveys at Ojolali gold project in Lampung.

Finders said that it would pursue a three tiered work program at Ojolali project through early development of a small low-cost start up operation based on the readily accessible Jambi oxide gold resource, supplemented by feed from the adjacent Batu Kuning vein system.

It would also pursue the program by evaluating metallurgical options for the 40M oz silver Tambang vein in the light of discovery of significant associated zinc values and conducting a systematic exploration of extensive additional gold bearing vein systems within the tenements using detailed IP geophysical surveys as a primary targeting tool.

Finders also said that it discovered encouraging gold and silver assays from an additional six holes at Batu Kuning prospect including:
5.5m @ 11.23 g/t Au, 14 g/t Ag from 140.7m
1m @ 8.17 g/t Au, 52 g/t Ag from 42m
1m @ 11.89 g/t Au, 690 g/t Ag from 35m
1m @ 4.12 g/t Au, 311 g/t Ag from 114.5m

The Batu Kuning prospect, located 600m southeast of Jambi prospect, comprises a complex of epithermal quartz-carbonate veins and abandoned local mining pits over a 1 km north south strike length.

Meanwhile, from Jambi prospect final assays have been received from the 34 holes Phase 1 drilling program. An independent review of the resource completed by Hellman and Schofield concluded that considerable additional drilling was required for an accurate estimate of the resource, finders added.

The Jambi prospect mineralization remains open to the north-west, west and south. Scoping study for initial Jambi/Batu Kuning development commenced by Intermet Engineering of Perth WA. (denny)