Purple Heart a gold rich system says Robust

Tuesday, April 9 2013 - 02:28 AM WIB

By Nellawati

ASX-listed Robust Resources Limited announced on Tuesday that the assay results from an initial two diamond drill holes at Purple Heart prospect on Romang Island confirmed the area as gold rich system.

It said that both holes intersected significant gold and silver mineralisation from surface.

Robust?s Managing Director Mr Gary Lewis comments ?Our geologists are very encouraged about the Purple Heart Batu Perak mineralised system, so much so that we are confident that it represents a new, large exploration target which will add significantly to the resource base on Romang Island.

?Every hole we have drilled thus far has come back with positive assay results. Preliminary assessment of the results and styles of mineralisation encountered indicates that Batu Perak could be the largest mineralized system within the Lakuwahi Caldera.

?Of particular note is not just the potential size of the mineralised system but the fact that the test work undertaken demonstrates that the gold rich ore at Lakuwahi is favourable for heap leaching which is considered the most likely processing route for the Lakuwahi Oxide Project?

?Robust is in a strong position with over $23 million in cash which is funding our aggressive exploration and development activities. This gives us the financial flexibility to fund the Company into the project development phase. We look forward to updating shareholders on our progress.?

Editing by Adianto P. Simamora

Share this story

Tags:

Related News & Products