Heralds ups resources estimate at Lae Jehe

Australian mining firm Herald Resources Limited announced on Thursday a further substantial increase in the resource estimate at its Lae Jehe deposit at the Dairi zinc/lead project in North Sumatra.

The updated estimated Combined Resources at Lae Jehe are now 11.3 metric tonne (Mt) at 10.5% zinc, 5.7% lead and 5g/t silver, the company said. The figure is higher than the last estimate provided by the company at 10.5Mt at 10.6% zinc, 5.8% lead and 4g/t silver

The Lae Jehe prospect is located about 1.5km north of the main Anjing Hitam orebody and 800m north of the planned concentrator site and is the most advanced target to provide future mill feed following the initial 7 years mine life at Anjing Hitam.

The resources still remain open along strike in both directions and at depth and there is thus very good potential for increasing the Lae Jehe resources with the ongoing drill programme, the company said.

Herald Resources, which is listed at the Australian Stock Exchange (ASX) is an object of fierce takeover battle by two Indonesian companies; state miner PT.Aneka Tambang and coal mining giant PT.Bumi Resources.(alex)