Strike completes first drilling at Banten copper/gold prospect

Australian mining firm Strike Resources Limited said on Wednesday that its Indonesian unit PT.Indo Batubara (PTIB) has recently completed a diamond core drilling programme in Banten copper/gold prospect, Banten province.

The first hole was drilled to a final depth of 43.6 metres. The hole intersected altered volcanic rocks and assay results are pending. Drilling was slower than anticipated due to fractured ground conditions and the presence of several underground workings. The drilling programme will continue until the end of August and assay results are expected in September, the company said in a quarterly report.

PTIB has previously conducted survey and sampling programmes within the concession area. Lead-Zinc skarn mineralization was observed and sampled at a number of localities. Rock chip assay results of skarn type mineralization have yielded up to 5.49% Zinc (Zn) and 3.53% Lead (Pb)

The project comprises a 5,601-hectare concession located approximately 100 kilometres southwest of Jakarta. Strike has identified epithermal gold veins, gold stock works and associated porphyry copper targets within the concession.(denny)

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