Prosperity?s Aceh gold-copper initial drilling program show encouraging results

Australian stock exchange-listed mining firm Prosperity Resources Limited said on Thursday that the initial scout drilling program at Pala prospect in its Pinang-Pinang gold-copper project, Aceh Province is showing encouraging results.

The sixteen shallow diamond drill holes have intersected broad intervals (greater than 100 metres) of porphyry-related veinlet-hosted gold-copper mineralisation, with five of the sixteen holes intersecting shorter intervals of richer, breccia-hosted endoskarn, the company said.

Best results include: 22 metres @ 1.12 g/t gold and 0.40% copper from 32 metres within 66 metres @ 0.52 g/t gold and 0.18% copper in hole PNGD005; 9 metres @ 1.68 g/t gold and 0.54% copper from 6 metres within 22 metres @ 1.12 g/t gold and 0.46% copper in hole PNGD003; 7 metres @ 1.13 g/t gold and 0.35% copper from 152 metres within 34 metres @ 0.40 g/t gold and 0.13 % copper in hole PNGD016; 44 metres @ 0.37 g/t gold and 0.11% copper from 123 metres in hole PNGD008; 8 metres @ 2.12 g/t gold and 0.18% copper from 53 metres in hole PNGD015; 6 metres @ 3.62 g/t gold and 0.06% copper from 50 metres in hole PNGD003

Chairman, Mo Munshi said ?The results from this first phase shallow drilling program are encouraging and give us a better understanding of the geology at the Pala Prospect. Our view has always been that Pinang-Pinang is a deeper porphyry target and the next phase of work will involve generating the deeper drilling targets?. (denny)