Nusantara Resources Extends Awak Mas Deposit

THE DRILL SERGEANT: Nusantara Resources (ASX: NUS) completed an exploration drilling program on the Awak Mas Highwall, part of the company’s 100 per cent-owned Awak Mas gold project located in South Sulawesi, Indonesia.

Nusantara Resources said the exploration program was designed to confirm the geological model and potential for extensions to the existing Mineral Resources at the 1.72 million ounce Awak Mas and 0.18 million ounce Salu Bulo deposits.

The company said the results from the six-hole program support potential for exploration upside along the untested two-kilometre Mine Corridor between the Awak Mas and Salu Bulo deposits.

Nusantara said it had received assay results from the first three holes that confirm gold mineralisation in the eastern projected extension of the Awak Mas deposit, validating the geological model.

Highlights include:

45 metres at 1.3 grams per tonne gold from 257m, 8m at 2g/t gold from 308m, 41m at 0.9g/t gold from 384m and 4m at 2.5g/t gold from 421m.

6.3m at 2.1g/t gold from 179m and 6 m at 3.9g/t gold from 237.6m.

“The extremely positive results returned from this program have validated Nusantara’s geological model by proving that the gold mineralisation is not restricted to the immediate current footprint of the Awak Mas deposit.” Nusantara Resources managing director and CEO Mike Spreadborough said in the company’s announcement to the Australian Securities Exchange.

“This provides confidence that further mineralisation in the immediate eastern Highwall area can be expected from the remaining three drill holes, all of which have strong visual indications, and supports our belief of significant exploration upside along the untested Mine Corridor between the Awak Mas and Salu Bulo deposits.”