Augur Resources unveils depth extension with 123m at 0.61g/t gold and 0.14% copper at Wonogiri

Augur Resources (ASX: AUK) continues to deliver a string of plus 100 metre gold and copper intersections at the Wonogiri project in Central Java.

The significance of these broad hits are that they identify the bulk tonnage potential, while drawing comparisons to some major nearby deposits.

There are a number of significant porphyry deposits in the region of Wonogiri, with Newmont Mining Corporation’s (ASX: NMC) operation at Batu Hijau which hosts 914 million tonnes at 0.53% copper and 0.40 g/t gold, sitting along the same zone as Augur's project.

Providing a further prospectivity boost to the region is Newmont’s Elang deposit on the island of Sumbawa, and Intrepid Mines (ASX: IAU) Tujuh Bukit in eastern Java, which hosts 990 million tonnes at 0.40% copper and 0.45 g/t gold.

Augur's latest drilling highlight from a deep diamond hole at Wonogiri includes multiple zones intersected including 123 metres at 0.61 g/t gold and 0.14% copper from 76 metres.

This zone included 6.0 metres at 2.02 g/t gold and 0.39% copper. A second zone reported 23.0 metres at 0.24g/t gold from 209 metres, while a third zone delivered 44.0 metres at 0.55 g/t gold exists from 264 metres depth.

Importantly - the outcome of this hole is that mineralisation extensions have been confirmed at depth.

Mineralisation in the hole is associated with quartz stock working and as disseminated mineralisation within a mirco‐diorite, which passed through a zone of intense quartz veining which generally returned relatively low gold results.

Geological modelling and assessment of this zone will occur over the next few months.

Current program

Two drill rigs are currently active at the Randu Kuning project, which is currently focused on the northern portion of the deposit and is testing the down dip and northern extension of the mineralisation.

The planned reverse circulation drill program has been modified due to unsuitable ground conditions.
An additional diamond drill rig has been sourced to undertake drilling of epithermal targets.

Preliminary metallurgical testing has commenced on the porphyry mineralisation at Randu Kuning.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/20498/augur-resources-unveils-depth-extension-with-123m-at-061gt-gold-and-014-copper-at-wonogiri-20498.html