Prosperity gets encouraging results in South Pelumat project

By Demas Simbolon

Australian-listed firm Prosperity Resources Limited said that it had completed drilling on the first hole, PMDH001, at the South Pelumat Project in its 80% owned BAM Joint venture area, southern Aceh, with results reportedly being very encouraging and offer good support for the mapping and geochemistry undertaken in the area.

The company said in a press statement on Monday that additional drilling had been initiated to test the broad zone of highly anomalous Au-Cu-Mo values in soil and rock chip samples associated with outcropping skarns and altered microdiorite intrusives.

Ongoing mapping and sampling to the south indicate several other highly prospective targets. Results from this new work will be released when all relevant analytical data is received and checked and compilation is complete and been reviewed.

The Pelumat Prospect is one of ten known magnetic endoskarn and intrusive targets recognized by Prosperity along 60 kilometers of strike length in Prosperity?s 410 square kilometer Aceh Project.

?The drill intersections achieved in our first hole at Pelumat are very exciting particularly when taken together with the encouragement we are getting from our ongoing exploration in the project area,? the company?s Chairman Mo Munshi said,

?The intersections have also added significantly to our regional understanding of the controls of mineralization in the local district and elsewhere in Aceh where we have found mineralization and will assist with planning our drilling program regionally,? he said.

Editing by Benget Besalicto Tnb.