Augur hits gold and copper in Java

THE DRILL SERGEANT: Augur Resources has received the results of the latest two diamond drill holes carried out at the Randu Kuning prospect, located on the company’s Wonogiri project in Central Java.

The first of the holes was drilled to test for further mineralisation to the north of the current known mineralisation at Randu Kuning.

It was drilled approximately 50 metres north of a previous hole, which had returned 182 metres at 0.75 grams per tonne gold and 0.17 per cent copper.

The latter hole intersected a zone of:

–    55m at 0.41 g/t gold and 0.16 per cent copper.

Augur said it considered this result to be of some significance as it indicates mineralisation does continue to the north of the previously identified mineralised zone and supports the potential for mineralisation at depth.

The second of the recent holes intersected, what Augur described to be, two significant zones of mineralisation.

The shallower of these zones returned:

–    136m at 0.48 g/t gold and 0.14 per cent copper from 73 metres, and included 4 metres at 2.35 g/t gold and 0.37 per cent copper.

A second deeper zone was also intersected returning:

–    106.5m at 0.64 g/t gold and 0.10 per cent copper from 278m, ending in mineralisation.

“The results continue to indicate that there is apparently continuation of the mineralisation between holes and at depth,” Augur Resources said in its ASX announcement.

“Mineralisation is associated with quartz stock working and as disseminated mineralisation within a mirco‐diorite.

“Interpretation of recent drilling data and ground magnetic data highlights the potential for further mineralisation to the west and at depth of the current drilling.”

Augur said the mineralised zone to the north remains open and the company is deliberating drilling some deeper holes to the south of the known mineralised zone as it considers there may be potential for mineralisation below the zone it has already tested.

The company presently has two drill rigs operating at the Randu Kuning project.

The current drilling is focused on the northern portion of the deposit testing an area approximately 200m north of the previous drilling.

“Deep drill hole targets are being finalised based on the most recent geological model,” Augur said.

“These holes will target both depth extents and zones interpreted to have potential for high-grade mineralisation.

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