Prosperity reports high-grade gold-copper results from Aceh trenching

Australian firm Prosperity Resources Limited announced Tuesday that a program of trenching at its Pinang-Pinang gold-copper Project in Aceh Province has extended the strike length of the previously reported Pala Prospect to one and a half kilometres through highly significant surface gold plus copper mineralisation at the Nilam Prospect.

Soil sampling completed by Prosperity defined gold values up to 5.18 g/t with strong coincident copper and molybdenum at the Nilam Prospect, the company said.

?These Nilam trench results extend the strike length of the system and give us further encouragement about the exploration potential of this project,? it said.

Diamond drilling will resume this week at the Pala Prospect after the traditional Muslim holidays.

Grid-based soil sampling at the Nilam Prospect completed by Prosperity identified an 800 metre long by 300 to 600 metre wide, coincident gold-copper-molybdenum in soil anomaly some 300 to 900 metres northwest of the Pala Prospect. This large geochemical anomaly is open to the northwest and interpreted to represent a continuation of the structural corridor that hosts mineralisation at Pala.(denny)