Augur Resources drill hole in Central Java project, hints at large bulk tonnage promise

Augur Resources (ASX: AUK) has released further diamond drill hole results from the Randu Kuning prospect, Wonogiri project in Central Java which further supports potential for a bulk gold resource at Randu Kuning prospect.

Hole WDD008 at the Randu Kuning prospect returned a significant width and mineralised intersection of 218.5 metres at 0.97 grams per tonne (g/t) gold and 0.2% copper from just 40 metres.

What is becoming apparent with each hole is the mineralisation is widening with depth.

Causing excitement is that data from local geology and recent drilling indicates that the mineralisation at Randu Kuning is related to a near vertical gold-copper porphyry within a large eroded volcanic centre.

This is similar to a number of significant porphyry deposits along this zone including Newmont Mining Corporation’s (NYSE: NEM) operation at Batu Hijau (914Mt at 0.53% copper and 0.40g/t gold), Newmont’s Elang deposit on the island of Sumbawa and Intrepid Mines' (ASX: IAU, TSX: IAU) Tujuh Bukit (990Mt at 0.40% copper and 0.45g/t gold) in eastern Java.

Hole WDD008 was drilled to test down dip extension of the gold and copper mineralisation intersected in holes WDD006 (37.5 metres at 0.65g/t gold and 0.13% copper from surface and a further 48 metres at 1.45 g/t gold and 0.26% copper from 49.5 metres)

Hole WDD004 (37.5m at 1.21g/t gold and 0.44% copper from 5.5 metres depth) and WDD002 (47 metres at 1.28 g/t gold and 0.26% copper). WDD008 is around 60 metres west of hole WDD006.

Mineralisation remains open to the north, south, west and at depth. A further hole, west of WDD008, is being planned to test the western boundary of the mineralised zone and down dip of WDD008.

A second drill rig has arrived on site and will be used to further define mineralisation at Randu Kuning and to test additional targets identified within other prospects at Wonogiri.

Sampling of core for preliminary metallurgical testing has commenced. Hole WDD009 has been completed and awaiting analysis.

The Wonogiri project is located 30 kilometres to the south of the provincial city of Solo in central Java and is easily accessible by daily flights from the capital Jakarta and a short one hour drive by car on a sealed road.

The project lies within the Sunda-Banda arc and covers an area of 3,928 hectares. The area is considered prospective for epithermal gold and porphyry copper-gold mineralisation.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/17596/augur-resources-drill-hole-in-central-java-project-hints-at-large-bulk-tonnage-promise-17596.html