Tujuh Bukit report meets JORC code

By Ruli Setiawan

ASX-listed Intrepid Mines Limited said that report on porphyry copper-gold resource at Tumpangpitu prepared by independent consultants H&S Consulting Pty Ltd has been in accordance with NI 43-101 and the JORC Code.

The report, entitled ?Tujuh Bukit Project Report on Mineral Resources Located in East Java" which was issued on October 9 said that oxide mineral resource estimated increases confidence in deposit with 76 percent of contained gold in Measured and Indicated categories.

It said that oxide Measured and Indicated Resource stood at 70 million tons at 0.71g/t gold and 27g/t silver (1.6 million ounces of contained gold and 60 million ounces of contained silver)

The oxide Inferred Resource now stands at 19 million tons at 0.75g/t gold and 21g/t silver (0.5 million ounces of contained gold and 13 million ounces of contained silver).

According to the report, the porphyry Interred Resource is 1.9 billion tons at 0.45% copper and 0.45g/t gold while porphyry resource reached 9 percent increase in copper grade.

Editing by Adianto P. Simamora