Robust starts 2012 drilling campaign
Tuesday, March 13 2012 - 02:49 AM WIB
Australian-listed firm Robust Resources Limited said that it had commenced a large drilling campaign for 2012 as part of its ongoing exploration and development program at its mineral deposits of oxide gold-silver and polymetallic base and precious metals in Romang Island.
The company said in a press statement on Tuesday that the drilling was designed to test fresh targets, as well as follow up extensions to the known mineral deposits.
The 20,000-plus meter program will run for the duration of calendar 2012, utilizing eight (building to ten) exploration diamond drill rigs in both north and south Romang Island. Initially, eleven highly prospective Lakuwahi targets will be explored by drilling.
It stated that by using all the financial, human and material assets at its disposal, it had made substantial progress so far to further unlock the potential of the mining project.
In January 2012, Robust released its maiden JORC code compliant mineral resource estimate, which represents an important platform on which the Company will conduct project development studies for both precious and base metals.
The estimate contains 1.18 Moz gold equivalent in JORC Indicated and Inferred categories, including 592,000 ounces gold and 27.7 million ounces silver.
Two thirds of the resource is in the Indicated resource category. Base metals within the polymetallic sulphide resource shell total 697 million pounds lead; 678 million pounds zinc; and 95 million pounds copper.
Editing by Benget Besalicto Tnb.