Prosperity reports mapping and sampling in Samadua Project
Monday, February 27 2012 - 02:43 AM WIB
Australia listed firm Prosperity Resources Limited has reported results from geological mapping and geochemical sampling from its 2011-2012 sampling program at the Samadua Project in southern Aceh.
The company said in a press statement over the weekend that the program was similar to that undertaken at the Pala, Jelatang, Panton Luas, Mutiara, Pelumat and Kuini targets as a follow-up to its successful regional helicopter-borne magnetic survey.
Information from the aeromagnetic program was released to the ASX on 15 September 2010 and examples of 3D inversion modelling of the magnetic data on 22 February 2011 . ASX releases of 2nd and 6th February 2012 informed results from drilling at Kuini.
The Samadua Project is one of ten known magnetic skarn and intrusive targets recognised by Prosperity along 60 kilometres of strike length in Prosperity?s 410 square kilometre Aceh Project. The location of Prosperity exploration activities in southern Aceh.
"These new very encouraging geochemical results from Samadua yet again provide us with encouragement to continue our first pass exploration program in this poorly explored region of the Indonesian Volcanic Arc and further demonstrate the regional prospectivity of our portfolio in Aceh," said Chairman Mo Munshi. (*)
Editing by Benget Besalicto Tnb.