Prosperity Resources updates drilling results from Aceh project

Australia-listed Prosperity Resources Ltd said that it has completed a six hole program at the Panton Luas Prospect in Aceh, Indonesia .

The company said the initial program of drilling (200-250 metres deep) at Panton Luas was completed using two shallow capacity Drillcorp diamond drill rigs.

Panton Luas is one of 8 key prospect areas delineated from exploration to date including six porphyry intrusive centers.

An ongoing drilling program is anticipated on a number of additional targets defined by Prosperity to date in the vicinity of Panton Luas, the company said.

Prosperity controls a 410 km2 contiguous tenement position along a 60 km structural corridor to the west of the Sumatra Fault considered highly prospective for gold/copper mineralisation.

A helicopter borne magnetic survey completed in the latter part of last year identified several possible porphyry centers high grade skarn occurrences that are the current focus of exploration. (Romel)