Releases Maiden JORC Mineral Estimate at Lakuwahi Project, Romang Island
Key Points:
Maiden JORC Mineral Resource Estimate at Lakuwahi Project, Romang Island, Indonesia
- 1.18 Moz Gold Equivalent in JORC Indicated and Inferred Categories: 592,000 Ounces Gold, 27.7 Million Ounces Silver
- Two-thirds of Gold Equivalent Ounces in the higher "Indicated" JORC resource category
- Base metal resources in the polymetallic sulphide zone included 95 Million pounds Copper; 697 Million Pounds Lead; 678 Million Pounds Zinc
Resource estimate based on tightly-focused drilling at Batu Mas, Batu Hitam and Batu Hitam West prospects at the Lakuwahi Project
- All prospects considered "open" indicating scope for a significant increase to the resource with further drilling
Drilling results received during the quarter included:
- Deepest high-grade gold zone received to date (LWD122)
- Thickest zone of continuous mineralisation received to date (LWD166)
- Strongest copper mineralisation received to date (LWD120).
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