Robust continues to extend 3D survey at Romang gold project
Thursday, April 28 2011 - 04:18 AM WIB
The company?s planning is also underway to enlarge the successful 3D (IP) / Resistivity Survey at the Lakuwahi Project to extend currently open resistivity anomalies to the south, and west, of the previous 150 line kilometre survey area, the company said.
Drilling is set to continue with six owner-operated diamond core drill rigs at the Lakuwahi Project and with one diamond core rig at the new North Romang Project during April-June period, the company said.
A large soil-sampling program of approx 7,000 samples is also continuing at the Lakuwahi project. This program will be used in conjunction with geological mapping of the area, and geophysical results to generate the next series of targets for future drilling at the Lakuwahi project
During Jan-March period, the company?s drilling program has been ongoing and during the quarter a further 15 holes and 2,374 metres of HQ/NQ diamond drilling was completed at the Batu Mas and Batu Hitam prospect areas.
Robust now has a total fleet to seven owner-operated drill rigs on Romang Island. These rigs will be very active in helping to achieve Robust?s stated aims of exploration discovery and the delivery of a maiden JORC mineral resource from the Lakuwahi Project. Additionally, one of the seven rigs has been delivered to the North Romang Project in preparation for drilling this exciting new area by the end of the June quarter 2011.
In Feb 2011, Robust announced that conglomerate Salim Group through its subsidiary PT Kilau Sumber Perkasa (KSP) will acquire a 22.5% interest in Robust?s 100% owned Indonesian subsidiary, PT Gemala Borneo Utama (GBU) for AUD $30.7 million. The transaction is subject to due diligence and final approval by the Indonesian government. (romel)