MINING WELCOME 欢迎采矿 - The ASIA Miner
MINING WELCOME 欢迎采矿 - The ASIA Miner
MINING WELCOME 欢迎采矿 - The ASIA Miner
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Indonesia<br />
Deep drilling success at Wonogiri project<br />
RESULTS from drilling at the Randu Kuning<br />
prospect of Augur Resources’ Wonogiri Gold-<br />
Copper project in Central Java have confirmed<br />
the extension of mineralization at depth and to<br />
the north. Two additional drill rigs are now on<br />
site for further drilling targeting extensions for<br />
potential high grade mineralization.<br />
Drilling at Augur Resources’ Wonogiri project in Central Java.<br />
One hole was drilled to test for mineralization<br />
below a previous hole that returned 199<br />
metres @ 0.46 grams/tonne gold and 0.13%<br />
copper. <strong>The</strong> new hole was drilled to a depth<br />
of 456 metres and intersected a number of<br />
mineralized zones including 95.5 metres from<br />
41 metres @ 0.74 grams/tonne gold and<br />
0.16% copper which included a high-grade<br />
zone of 5 metres from 82 metres @ 5.08<br />
grams/tonne gold and 0.50% copper.<br />
This zone indicates that high-grade zones<br />
may be viable targets within the Randu Kuning<br />
porphyry system. Other intersections in this<br />
hole include 66 metres from 198.5 metres @<br />
0.47 grams/tonne gold and 0.11% copper, including<br />
3 metres from, 215.5 metres @ 2.62<br />
grams/tonne gold, 0.48% copper and 3.5<br />
grams/tonne silver, and a further 7.0 metres<br />
from 269.5 metres @ 0.32 grams/tonne gold<br />
and 0.16% copper.<br />
Another hole was drilled to test for down<br />
dip extension of mineralization identified in a<br />
previous hole that returned 123.5 metres @<br />
1.42 grams/tonne gold and 0.22% copper<br />
and a further 65 metres @ 1.03 grams/tonne<br />
gold and 0.17% copper. <strong>The</strong> new hole intersected<br />
near-surface mineralization including<br />
96 metres @ 0.54 grams/tonne gold and<br />
0.13% copper in altered dioritic porphyry before<br />
intersecting a post-mineralized banded<br />
quartz and magnetite intrusion.<br />
Other intersections in this hole include 6.0<br />
metres from 166 metres @ 0.57 grams/tonne<br />
gold, 29 metres from 246 metres @ 0.63<br />
grams/tonne gold and 0.10% copper, and a<br />
further 18 metres from 282 metres @ 0.30<br />
grams/tonne gold.<br />
Interpretation of core has concluded that<br />
Randu Kuning consists of multiple porphyry<br />
intrusives indicating a prolonged intrusive history.<br />
Extensive alteration may be indicating a<br />
deeper mineralizing source which has yet to<br />
be drill tested. A drill rig capable of testing targets<br />
to more than 1000 metres has arrived<br />
on site to test for deeper high grade zones<br />
on the flanks of the porphyry intrusions.<br />
Augur has received preliminary flotation<br />
metallurgical results for three sulphide samples<br />
and two oxide samples. Initial first pass<br />
tests were focused on recovery from the sulphide<br />
portion which is expected to be the<br />
bulk of the deposit. <strong>The</strong> results indicate very<br />
good recoveries with a recovery range of<br />
78.6% to 88.7% with a mean of 82.7% for<br />
the gold and a recovery range of 92.1% to<br />
96.1% with a mean of 94.1% for the copper.<br />
Results for the oxide component range from<br />
58.1% to 69.6% for gold and 16.2% to 26%<br />
for copper. <strong>The</strong> lower copper recoveries in<br />
the oxide were expected given the tests were<br />
focused on recovery of copper sulphides.<br />
Further testing will be undertaken with a<br />
focus on determining an appropriate<br />
process for recoveries in the oxide zone and<br />
gravitational testing for further improving the<br />
gold recovery.<br />
Full production achieved at Toka Tindung<br />
FULL production has started at Archipelago<br />
Resources’ 95%-owned Toka Tindung gold<br />
mine in North Sulawesi province. <strong>The</strong> operation<br />
achieved its targeted production rate in<br />
early November and was expected to produce<br />
at least 60,000 ounces of gold by the<br />
end of 2011. Annual output during 2012 and<br />
for the remaining life of the mine is expected<br />
to be 150,000 ounces.<br />
Archipelago is mining from the Toka Tindung<br />
open pit as well as the satellite deposits of Pajajaran<br />
and Araren, and is continuing its exploration<br />
of the area covered by the mining permit.<br />
<strong>The</strong> company’s chief executive officer Marcus<br />
Engelbrecht says, “Meeting our production<br />
objective is a significant achievement for<br />
Archipelago and our ability to generate positive<br />
cash flow will provide the platform for<br />
meaningful growth.<br />
“Having successfully established our production<br />
base, the company is committed to<br />
pursuing further drilling programs at Toka Tindung.<br />
This will support organic production<br />
growth at Toka through increased reserves,<br />
additional sources of ore and greater production<br />
optionality.”<br />
<strong>The</strong> 2011 production fell well short of the initial<br />
forecast of 110,000 ounces due to a number<br />
of complications during the mine’s ramp-up.<br />
While such problems are common during mine<br />
start-ups, the company was encouraged that<br />
its annual throughput rate was achieved during<br />
the final quarter and is confident that the 2012<br />
production guidance will be met.<br />
Archipelago is also on track to report an increase<br />
in its reserves and resources following<br />
an increase in exploration and drilling since<br />
completion of the feasibility stage.<br />
Meanwhile, the company has also announced<br />
that it will not proceed with the Pac-<br />
Lang joint venture in Vietnam. <strong>The</strong> decision<br />
follows a comprehensive review of the work<br />
conducted there to date. <strong>The</strong> company says<br />
that the exploration results do not justifying<br />
further expenditure.<br />
40 | <strong>ASIA</strong> <strong>Miner</strong> | January/February 2012