Intrepid reports new assay result in Tujuh Bukit Project

By Nur Azizah

Australian firm Intrepid Mines Limited reported that a new assay result from the on-going drilling program at the Tumpangpitu copper-gold porphyry within its Tujuh Bukit Project has returned the highest grade copper and gold intersection to date from a position east of previously known porphyry mineralization boundary.

The company said in a press statement that the intersection was within an area previously identified as ?geological potential? and can therefore be reasonably expected to provide a significant increase in metal inventory to the global resource.

The intersection occurs at a higher level (RL) than, and to the east of, the 1.7 billion ton inferred porphyry resource (at 0.41% Cu and 0.46g/t Au).announced on 8 December 2011.

The current evidence points to this being a separate intrusion and associated stockwork vein system. The mineralization is typical of porphyry style mineralization and no overprinting high sulphidation-style mineralization is seen,

Deep drill hole GTD-11-248 of the Tujuh Bukit Project is collared east of the porphyry resource and drills toward the east, away from known mineralization. The hole location is 160m north west of GTD-11-208, which had an intercept of 602m at 0.70% copper and 0.52g/t gold, including a high grade zone of 146m at 1.06% copper and 0.87g/t gold.

GTD-12-286 is currently being drilled 160m south of GTD-11-208 and a high grade intercept may reasonably be expected. The next hole to the northwest, GTD-10-172, intersected wide zones of mineralization, including 336m at 0.47% Cu and 0.14g/t Au from 276m, in high sulphidation-style mineralization.

Further drilling will be undertaken to determine if the intersections in GTD-11-208, GTD-11- 172 and GTD-11-248 can be correlated.

Editing by Benget Besalicto Tnb.