Herald gets assay result from N. Sumatra zinc/lead project

Australian mining firm Herald Resources Limited said that assay results had been obtained for Lae Jehe prospect in Dairi zinc-lead project, North Sumatra.

The assay result located in drill hole SOP222D - 25.00m @ 15.1% Zn & 7.7% Pb, with estimated true width is 18.6m. The intercept is about 90m updip from the excellent result in hole SOP218D of 16.9m @ 15.4% Zn, 8.2% Pb, the company said in statement on Tuesday.

The company said that both SOP218D and SOP222D intercepts are beyond the limits of the previously announced resource of 4.4MT of 10% Zn, 5% Pb.

Current drilling is aimed at a position about 100m downdip from the SOP218D intercept, Herald said

A further drilling is 80m updip from SOP222D to penetrate the projected position across an anticipated fault dislocation with lesser order mineralisation encountered, as might have been expected considering it is outside the main downhole EM geophysical anomaly

The Lae Jehe prospect is located about 1.5km north of the main Anjing Hitam orebody and 800m from the planned concentrator site.

Herald has 80 percent stake in Dairi project with state miner PT.Tambang Timah holding the balance. (denny)