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Nusantara Resources Ltd.
Summary
| Project: | Awak Mas | |
|---|---|---|
| Deposit: | Awak Mas | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver | |
| Date: | 11/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2017: Nusantara Resources Ltd. announces an Exploration/Drilling Update report for its Awak Mas deposit at the Awak Mas project. Drilling results incl. 17.5m @ 2.7g/t Au from 88.5m. Indonesian gold development company Nusantara Resources Limited (‘N | |
| Resources: | (not mentioned in the report) | |
| CP/QP: | [Overall Report]: Colin McMillan (Internal) | |
| ABSTRACT: | Indonesian gold development company Nusantara Resources Limited (‘Nusantara’, ASX: NUS) is pleased to announce the following assay results from the Phase 1 resource drilling program at its 100%-owned Awak Mas Gold Project located in South Sulawesi, Indonesia. The Phase 1 program comprises 67 diamond drill holes (for approximately 8,230 m) designed to target areas of unclassified gold mineralisation and upgrade Inferred Resource mineralisation across the Awak Mas, Salu Bulo and Tarra deposits. A total of 25 drill holes have been completed to date within the Awak Mas deposit with the first of 12 holes underway at the higher grade Salu Bulo deposit. A total of three drill rigs are now assigned to the Phase 1 program following the commencement of a third rig in early November. Assay results received from a further 11 drill holes continue to validate the Mineral Resource model, including better defining and expanding areas of known mineralisation. Particularly strong results were returned from a previously poorly defined mineralised zone within the Rante Domain of the Awak Mas deposit. “Today’s results from the Awak Mas deposit resource drilling program are extremely encouraging in both demonstrating the robustness of this broad mineralised system and the veracity of the geological model” commented Nusantara’s Managing Director and CEO, Mike Spreadborough. “The results to date also demonstrate the presence of additional mineralisation within and beyond the resource pit shell, confirming the potential to grow the scale of the Awak Mas Gold Project.” | |
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