Intrepid records further gold and copper assays at Tujuh Bukit

Intrepid Mines Limited, an Australian-based gold and silver development and exploration company, said that it has recorded further gold and copper assays at the Tumpangpitu area of the Tujuh Bukit project, East Java province.

The result was based on the on-going drilling program on four holes -- GTD-11-212, 213, 214 and 216. The latest drilling results also provided further information on the geometry of the mineralized system.

Drill holes GTD-11-212 (30 meters at 0.45 percent copper and 22 meters at 0.21 percent copper) and GTD-11-213 (54 meters at 0.25 percent copper) are from the south-central area of the current drilling plan and in the area of interpreted diatreme breccia that post dates several of the mineralizing events.

The geological observations and assay results support this interpretation and appear to define an eastern boundary to this zone.

Drill hole GTD-11-214 is located on the NW side of the main Tumpangpitu porphyry zone and this result (450.6 meters at 0.21 grams per tonne gold and 0.33 percent copper) continues to extend the mineralized zone in this direction.

The hole finished in mineralization and so allows for extension of resource domains at depth. This hole is one of several planned, and in progress, in this northern part of the mineralized zone aimed at growing the resource in this area.

Drill hole GTD-11-216 returned good results (682.25 meters at 0.47 g/t gold and 0.39 percent copper) and further enhances the scale of the better mineralized central portion.

This drill hole intersected several high grade zones, and included an interval of 20 meters at 0.1 percent molybdenum - an extremely high Mo interval within any porphyry system.

?These four drill holes continue to deliver results that enhance our geological understanding and extend the mineralized areas adjacent to the current resource domains? said Brad Gordon, CEO.

?Meanwhile, the program to increase the porphyry resource at Tumpangpitu continues apace with a total of ten drill rigs currently active at Tujuh Bukit,? Gordon said.

The company plans to upgrade the porphyry resource at year end with approximately double the 26 holes that comprise the current porphyry resource. (romel)