WONOGIRI COPPER GOLD PROJECT
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Wonogiri Copper Gold Project - 3,928 ha IUP Exp in Central Java, Indonesia. This advanced project has more than 21,000m of drilling completed and a JORC 2012 resource estimate of 996,500 ounces of gold (53% measured & indicated) and 190 million pounds of copper (43% measured & indicated). Excellent metallurgical results: up to 89.0% recovery of gold and 93% of copper via flotation, with potential for 55% recovery of gold by gravity. Shallow gold rich porphyry deposit returning consistent wide economic grade Au and Cu intersections from surface with only the top 500m tested to date. Deposit remains open at depth with potential for additional Au within adjacent epithermal veins. Exploration includes 19,775m of drilling, mostly at the Randu Kuning porphyry deposit. Previous scout drilling adjacent to the Randu Kuning deposit was completed at Gawe, Bukit Piti, Bukit Tumbu, Geblak, Jangglengan and Kepil prospect areas.
- Jangglengan Prospect
Initial scout hole intersected with result of 3m at 7.79 g/t Au, 9.0 g/t Ag, 0.29% Cu and 0.38% Zn from 70.0 metres including 1m of 15.90 g/t Au and 20.7 g/t Ag, 7m at 2.64 g/t Au and 1.7 g/t Ag from 120m , including 1m of 14.8 g/t Au and 4.0 g/t Ag. Follow-up drill hole intersected 0.8m of 20.4 g/t Au at 187.7m.
- Kepil Prospect Area
Scout hole intersected 36m of 0.28% Cu from 25m and 6m of 0.83 g/t Au from 36m, includes 2m of 1.1 g/t Au from 38m. Bottom 2m (148-150) of last hole contained 3.75g/t Au & 24.2 g/t Ag.