Augur Resources reports on further drill results at at Wonogiri project in Java

Augur Resources (ASX: AUK) has returned a further 49 metres at 1.28 grams per tonne (g/t) gold and 0.21% copper intersection from drilling from 212 metres depth in hole WDD010 at the Randu Kuning prospect within the Wonogiri project in Central Java.
This latest intersection follows on from the very wide intersection returned this week of 113.0 metres at 1.52 g/t gold from 50 metres.
These are final gold and copper results from the completed diamond drill holes WDD010 and WDD011.
Hole WDD010 was drilled about 63 metres west of hole WDD005, testing the down dip extension. WDD005 previously intersected  105.5 metres at 0.95 g/t gold and 0.24% copper from 14 metres depth.
Drill hole WDD011 tested the southern strike of mineralisation at Randu Kuning and intersected a 16 metre gold anomalous zone from 127.5 metres, averaging 0.12 g/t gold (0.1 g/t cut-off).
A further anomalous zone exists in the final 3.0 metres of the hole with an average gold grade of 0.15 g/t gold (0.1 g/t gold cut-off used) from 247 metres depth.
Data from local geology and recent drilling indicates that the mineralisation at Randu Kuning is related to a near vertical gold-copper porphyry.
A number of significant porphyry deposits (+/- associated epithermal mineralisation) sit along this zone.
These include 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) Tujuh Bukit (990Mt at 0.40% copper and 0.45g/t gold) in eastern Java.
Importantly for additional discoveries, mineralisation remains open to the north, south, west and at depth - with drilling already underway along strike.
The project lies within the Sunda-Banda arc, which is considered prospective for epithermal gold and porphyry copper-gold mineralisation.
The company has commenced drilling along strike of the Randu Kuning porphyry and preparations have begun for a third rig to test the shallow epithermal targets in the Wonogiri North area.
Also, preliminary metallurgical testing has commenced on the porphyry mineralisation at Randu Kuning.
An ongoing trenching program within the Wonogiri project will continue to test areas of mineralised vein systems identified by PT Oxindo and Augur.
Results from this trenching will be used to further develop drill programs to test these additional prospects.
Augur is well funded to carry out exploration, raising $6.0 million in May to fund further work at the Jampang gold project and the Wonogiri gold/copper project in Indonesia.
Clearly, Augur's strategy to explore and rapidly develop advanced projects with shallow, mineable resources in areas with favourable infrastructure looks capable of bearing fruit based on exploration to date.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18386/augur-resources-reports-on-further-drill-results-at-at-wonogiri-project-in-java-18386.html