Prosperity completes initial drilling
Tuesday, July 31 2012 - 10:27 AM WIB
ASX listed Prosperity Resources Limited recently stated it has completed the initial three hole drilling program at its South Pelumat project, one of ten known magnetite and skarn intrusive related targets recognised by Prosperity along 60 kilometers of strike length of its 410 square kilometer Aceh project .
The company stated that significant gold-copper-molybdenum intersections intercepted in the first hole at South Pelumat, in which three of the best intercepts were measured from 219 metres: 17m @ 6.18g/t Au; from 254 metres: 26m @ 1.5g/t Au, 0.43% Cu; and from 310 metres: 2m @ 4.64g/t Au.
"New rock chip and soil geochemical results from South Pelumat indicate potential extension," the company said in a statement submitted to the Australian Stock Exchange.
Editing by Audy Er Zandry