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Nusantara Resources Ltd.
Summary
| Project: | Awak Mas | |
|---|---|---|
| Deposit: | Puncak Selatan | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2019: Nusantara Resources Ltd. announces an Exploration/Drilling Update report for its Puncak Selatan deposit at the Awak Mas project. Drilling results incl. 10.4m @ 0.9g/t Au from 26.0m. During the quarter, detailed metallurgical testing post the De | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin McMillan (Internal) | |
| ABSTRACT: | During the quarter, detailed metallurgical testing post the Definitive Feasibility Study (DFS) was commenced. This testwork is aimed at providing important data for input to the engineering design of the processing plant, examining opportunities to further refine the processing flowsheet to lift recoveries and to produce a sample of tailings marked for future detailed engineering of the Tailings Storage Facility. INFRASTRUCTURE Further discussions have been held with PT PLN (Persero) on opportunities to reduce power infrastructure costs and timing of the planned development of a single purpose power line from the Belopa substation to site. The provision of low-cost grid power is a key value driver for the Project. Engagement in 2019 will work towards completion of a formal power sales arrangement. EXPLORATION - SUMMARY Exploration activity for the quarter focused on the resumption of drilling at the strategic prospect area of Puncak Selatan. Also, surface mapping, trenching and sampling at the Puncak Utara and Kandeapi prospects advanced during the period with significant results reported. Drilling to test the proposed quarry site at Kandeapi north was undertaken during the quarter with substantial intersections of seemingly suitable construction material seen in both holes; the outcome of quantitative strength testing is pending. A ground-survey geophysics program has been designed for the highly prospective Salu Bulo area where signif | |
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