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Augur Resources Ltd.
Summary
| Project: | Wonogiri | |
|---|---|---|
| Deposit: | Randu Kuning | |
| Location: | Indonesia | |
| Commodities: | Gold-Copper | |
| Date: | 9/9/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-9-2016: Augur Resources Ltd. announces a Scoping Study report for its Randu Kuning deposit at the Wonogiri project. Additional information regarding the previously announced Randu Kuning resource estimate. Augur Resources Limited (‘Augur’) refers to the | |
| Resources: | (Resource, Total): 20.95Mt @ 0.79g/t Au, 0.16% Cu | |
| CP/QP: | [Resources]: Trevor Leahey (Computer Aided Geoscience Pty Ltd.) | |
| ABSTRACT: | Augur Resources Limited (‘Augur’) refers to the announcement dated 30 August 2016 and provides the following additional information, as required by ASX Listing Rule 5.8.1 in relation to the updated JORC 2012 compliant resource estimate of the Randu Kuning deposit. The Wonogiri Project lies within the Sunda‐Banda arc and covers an area of 3,928 hectares. The Randu Kuning deposit is one of six mineralised targets that occupy a northwest trending composite intrusive at the northern end of the Wonogiri Project. There are no forestry restrictions over the IUP nor any known social or environmental issues. There are no known impediments to exploration and mining development. The Sunda Banda Arc comprises both Miocene to Pliocene volcanics and younger Quaternary volcanics. Over time, the Arc has migrated from west to east as well as from south to north. It is segmented by a series of arc‐normal structures that trend NNE and which are evident in the topography. Tectonic factors appear to have localised volcanic centres of the Miocene arc at positions near the southwest margins of these transfer structures. Contemporaneous continental to deep‐ocean clastic sediments were deposited on the margins of the volcanic centres. The Wonogiri Project is surrounded by several Quaternary volcanos ‐ Gunung Lawu, Merapi and Merbabu. | |
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