Prosperity reports results of sampling program in Aceh
Monday, February 13 2012 - 06:39 AM WIB
Prosperity Resources Limited has reported the results of geological mapping and geochemical sampling from its 2011-2012 sampling program at the Pelumat Prospect in southern Aceh.
The company said in Jakarta on Monday that the program showed the continuation of the pattern of field assessment undertaken at its Pala, Jelatang, Panton Luas, Mutiara and Kuini targets that followed from its regional helicopter-borne magnetic survey.
Information from the aeromagnetic program was released to the ASX on 13 September 2010 and examples of 3D inversion modelling of the magnetic data on 22 February 2011
The Pelumat Prospect is one of ten known magnetic skarn and intrusive targets recognised by Prosperity along 60 kilometers of strike length in Prosperity?s 410 square kilometre Aceh Project.
?These new very encouraging geochemical results from Pelumat highlight the potential of the magnetic targets we have selected for assessment in our Aceh project areas," the company's Chairman Mo Munshi said,
"The Kuini Project was very similar when we did the soils and rock chip sampling over it and look what it has turned out to be when we drilled it. These early targets have been selected both on their character and for their relative ease of access and logistic support," he said.
He added that the results had made them confident with its exploration strategy and that the unassessed magnetic anomalies more remote from road access would show similar promise," he said.
Editing by Benget Besalicto Tnb.