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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

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