Finders updates Indonesian projects activities

UK miner Finders Resources said on Wednesday that results from the initial two twin holes drilling ? BKJ-01 and BJK-02 - at the Jambi oxide gold prospect in Ojolali gold project, Lampung province provided indications for a substantial increase in grade for the deposit

The company said that the BKJ-01 yielded 33.8m @ 1.4g/t Au from surface and BKJ-02: yielded 31m @ 4.35 g/t Au from 17m depth, including 2m @ 35.3 g/t Au from 28m and 2m @ 10.2 g/t Au from 45m.

?Detailed geophysical surveys have been completed in a 1km x 1km block surrounding the Tambang prospect. Interpretation of resistivity data has identified untested sub-parallel veins within 250m of the Inferred Resource at Tambang and a close correlation with mapped vein structures,? said the company.

Meanwhile the company also reported that preliminary test work of a representative sample from the Lerokis deposit in Wetar project, Maluku resulted in 89% copper recovery producing a rougher concentrate grading 14.6% Cu, which was in line with previous results.

Sample collection and metallurgical test work is continuing, and the Wetar Scoping Study is on schedule for completion before the end of June, said the company.

Finders has 72% interest in the Ojolali Gold?Silver Project, a major system of low sulphidation epithermal veins, with Inferred Resources of ~320,000 oz Au and 39 M oz Ag., and 61% interest in Wetar Copper Project, a high grade, open pit copper project with an independently estimated Indicated and Inferred Resource of 10.7 million tonnes grading 2.4% Cu and 0.6 g/t Au for +250,000 tonnes of contained copper. (alex)