Augur Resources (ASX: AUK) has identified a new epithermal prospect at the Wonogiri Gold-Copper Project in central Java, southeast of the Randu Kuning porphyry.
The newly discovered Gawe prospect was identified by drilling, which returned:
- 15 metres at 0.6 grams per tonne (g/t) gold and 3.2g/t silver from 38 metres;
- 12 metres at 0.25g/t gold and 1.5g/t silver from 60 metres; and
- 22 metres at 0.33g/t gold and 3.1g/t silver from 84 metres.
Mineralisation in the Gawe prospect occurs mainly within a dioritic crackle breccia, the extent of which is unknown.
Breccias associated with porphyries can host major mineralisation.
Importantly, Gawe is located 690 metres southeast of Randu Kuning, where significant mineralisation has already been identified.
The results from the Gawe prospect highlight the prospectivity of targets close to Randu Kuning.
Positive gold results from drilling north of Randu Kuning include:
- 5 metres at 1.39g/t gold from 79.5 metres; and
- 1 metre at 1g/t gold from 220 metres.
Results from a drill hole at Randu Kuning released in November 2011 returned 95.5 metres at 0.74g/t gold and 0.16% copper from just 41 metres, including a high grade zone of 5 metres at 5.08g/t gold and 0.5% copper.
Further drilling is underway at Randu Kuning, with a rig capable of testing to greater than 1,200 metres in use to test for deeper intrusive sources. Meanwhile, Augur also plans to continue drilling north of Randu Kuning.
The Wonogiri project covers 3,928 hectares of land within the Sunda-Banda arc, about 30 kilometres south of Solo in central Java.
It is easily accessible by daily flights from the capital of Jakarta and a one hour drive by car on a sealed road.
Wonogiri is considered prospective for epithermal gold and porphyry copper-gold mineralisation.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/25388/augur-resources-discovers-new-epithermal-gold-prospect-at-wonogiri-25388.html