Augur Resources director increases holding

Augur Resources (ASX:AUK) director Justin Werner has acquired 100,000 shares in the company in an on market transaction on 11 January 2012.

Augur has earned a 51% interest in the Wonogiri project in Central Java and can earn an 80% interest in the project with the expenditure of a further US$2.0 million by 9 December 2012.

There are four drill rigs operating at the project, two of the drill rigs are defining the extent of mineralisation at Randu Kuning, while two rigs are targeting regional geochemical and geophysical targets.

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

Originally published at: http://www.proactiveinvestors.com.au/companies/news/24119/augur-resources-director-increases-holding-24119.html